Teacher Retirement System of Texas raised its position in Chemed Corp. (NYSE:CHE) by 341.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,744 shares of the company’s stock after buying an additional 4,443 shares during the quarter. Teacher Retirement System of Texas’ holdings in Chemed were worth $1,161,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in shares of Chemed by 39.7% during the 2nd quarter. Voya Investment Management LLC now owns 214,764 shares of the company’s stock valued at $43,926,000 after purchasing an additional 61,056 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in Chemed by 173.5% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 95,212 shares of the company’s stock worth $19,237,000 after buying an additional 60,399 shares during the period. Renaissance Technologies LLC boosted its position in Chemed by 248.5% during the 2nd quarter. Renaissance Technologies LLC now owns 70,400 shares of the company’s stock worth $14,399,000 after buying an additional 50,200 shares during the period. Vanguard Group Inc. boosted its position in Chemed by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,830,711 shares of the company’s stock worth $374,435,000 after buying an additional 34,938 shares during the period. Finally, AJO LP boosted its position in Chemed by 49.6% during the 2nd quarter. AJO LP now owns 94,123 shares of the company’s stock worth $19,251,000 after buying an additional 31,200 shares during the period. 97.75% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on CHE. Oppenheimer boosted their price target on shares of Chemed from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. National Bank Financial upgraded shares of Chemed from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Sunday, August 13th. Zacks Investment Research downgraded shares of Chemed from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. ValuEngine downgraded shares of Chemed from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $209.00 target price on shares of Chemed in a research report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Chemed presently has a consensus rating of “Hold” and a consensus price target of $236.00.
Chemed Corp. (CHE) traded down $0.91 during midday trading on Thursday, hitting $237.92. 118,796 shares of the stock traded hands, compared to its average volume of 94,432. Chemed Corp. has a 12-month low of $151.23 and a 12-month high of $251.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.48 and a current ratio of 0.50. The company has a market cap of $3,810.00, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 5.09 and a beta of 1.16.
Chemed (NYSE:CHE) last posted its earnings results on Thursday, October 26th. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.15. The firm had revenue of $417.40 million during the quarter, compared to analyst estimates of $414.34 million. Chemed had a net margin of 4.62% and a return on equity of 27.69%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 EPS. equities analysts forecast that Chemed Corp. will post 4.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 13th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.47%. The ex-dividend date was Friday, November 10th. Chemed’s dividend payout ratio (DPR) is presently 24.94%.
In other Chemed news, insider David Patrick Williams sold 11,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $241.28, for a total transaction of $2,654,080.00. Following the sale, the insider now directly owns 74,857 shares of the company’s stock, valued at $18,061,496.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patrick P. Grace sold 500 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $201.48, for a total transaction of $100,740.00. Following the completion of the sale, the director now directly owns 4,515 shares in the company, valued at $909,682.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,179 shares of company stock worth $10,729,699. Insiders own 4.90% of the company’s stock.
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Chemed Corporation purchases, operates and divests subsidiaries engaged in various business activities. The Company operates through two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers.
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