Insider Selling: Chemed Corp. (CHE) EVP Sells 1,000 Shares of Stock
Chemed Corp. (NYSE:CHE) EVP Spencer S. Lee sold 1,000 shares of Chemed Corp. stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $228.45, for a total transaction of $228,450.00. Following the completion of the sale, the executive vice president now owns 36,809 shares in the company, valued at approximately $8,409,016.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Chemed Corp. (NYSE:CHE) traded up $9.80 during mid-day trading on Friday, hitting $234.25. 46,180 shares of the stock were exchanged, compared to its average volume of 92,810. The stock has a market cap of $3,669.95, a P/E ratio of 28.31 and a beta of 1.14.
Chemed Corp. (NYSE:CHE) last announced its earnings results on Thursday, October 26th. The company reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.15. Chemed Corp. had a net margin of 4.62% and a return on equity of 27.69%. The firm had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $414.34 million. During the same quarter in the previous year, the business posted $1.73 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. research analysts expect that Chemed Corp. will post 4.73 earnings per share for the current year.
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Several analysts recently weighed in on CHE shares. TheStreet upgraded shares of Chemed Corp. from a “c+” rating to an “a-” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Chemed Corp. from a “hold” rating to a “buy” rating and set a $216.00 price target on the stock in a report on Monday, September 18th. BidaskClub cut shares of Chemed Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and set a $209.00 target price on shares of Chemed Corp. in a report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Chemed Corp. currently has a consensus rating of “Hold” and a consensus price target of $236.00.
Several hedge funds have recently made changes to their positions in CHE. Acrospire Investment Management LLC bought a new stake in shares of Chemed Corp. during the 2nd quarter valued at $120,000. Pacad Investment Ltd. boosted its holdings in shares of Chemed Corp. by 250.0% during the 2nd quarter. Pacad Investment Ltd. now owns 700 shares of the company’s stock valued at $143,000 after buying an additional 500 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Chemed Corp. by 1,504.5% during the 3rd quarter. IFP Advisors Inc now owns 706 shares of the company’s stock valued at $143,000 after buying an additional 662 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Chemed Corp. by 12.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 731 shares of the company’s stock valued at $150,000 after buying an additional 83 shares in the last quarter. Finally, MCF Advisors LLC bought a new stake in shares of Chemed Corp. during the 3rd quarter valued at $152,000. Hedge funds and other institutional investors own 97.24% of the company’s stock.
About Chemed Corp.
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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