Chemed Corp. (CHE) Insider Sells $2,310,000.00 in Stock

Chemed Corp. (NYSE:CHE) insider Nicholas Michael Westfall sold 10,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $231.00, for a total transaction of $2,310,000.00. Following the transaction, the insider now owns 13,351 shares in the company, valued at approximately $3,084,081. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Chemed Corp. (CHE) traded up $0.19 during midday trading on Tuesday, reaching $231.31. The company had a trading volume of 97,100 shares, compared to its average volume of 93,742. The stock has a market capitalization of $3,690.06, a price-to-earnings ratio of 28.46, a P/E/G ratio of 4.89 and a beta of 1.14. Chemed Corp. has a 52-week low of $145.09 and a 52-week high of $235.96. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 0.15.

Chemed Corp. (NYSE:CHE) last issued 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. The firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $414.34 million. Chemed Corp. had a return on equity of 27.69% and a net margin of 4.62%. Chemed Corp.’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 earnings per share. sell-side analysts anticipate that Chemed Corp. will post 4.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be given a $0.28 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.12 dividend on an annualized basis and a yield of 0.48%. Chemed Corp.’s dividend payout ratio is currently 24.89%.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC purchased a new stake in Chemed Corp. in the second quarter valued at approximately $120,000. Pacad Investment Ltd. boosted its position in Chemed Corp. by 250.0% in the second quarter. Pacad Investment Ltd. now owns 700 shares of the company’s stock valued at $143,000 after buying an additional 500 shares during the last quarter. IFP Advisors Inc boosted its position in Chemed Corp. by 1,504.5% in the third quarter. IFP Advisors Inc now owns 706 shares of the company’s stock valued at $143,000 after buying an additional 662 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Chemed Corp. by 12.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 731 shares of the company’s stock valued at $150,000 after buying an additional 83 shares during the last quarter. Finally, MCF Advisors LLC purchased a new stake in Chemed Corp. in the third quarter valued at approximately $152,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Several research firms have recently issued reports on CHE. Zacks Investment Research upgraded shares of Chemed Corp. from a “hold” rating to a “buy” rating and set a $216.00 price objective on the stock in a report on Monday, September 18th. National Bank Financial upgraded shares of Chemed Corp. from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Sunday, August 13th. KeyCorp began coverage on shares of Chemed Corp. in a report on Monday, August 28th. They set a “sector weight” rating on the stock. Oppenheimer Holdings, Inc. upped their price objective on shares of Chemed Corp. from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, TheStreet downgraded shares of Chemed Corp. from a “b+” rating to a “c+” rating in a report on Tuesday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $236.00.

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.

Insider Buying and Selling by Quarter for Chemed Corp. (NYSE:CHE)

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