Nordea Investment Management AB Has $2.17 Million Holdings in Chemed Corp. (CHE)

Nordea Investment Management AB raised its stake in Chemed Corp. (NYSE:CHE) by 20.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,714 shares of the company’s stock after purchasing an additional 1,795 shares during the quarter. Nordea Investment Management AB owned approximately 0.07% of Chemed worth $2,165,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Chemed by 1.9% in the second quarter. Vanguard Group Inc. now owns 1,830,711 shares of the company’s stock valued at $374,435,000 after purchasing an additional 34,938 shares in the last quarter. State Street Corp grew its stake in Chemed by 1.8% in the second quarter. State Street Corp now owns 453,605 shares of the company’s stock valued at $92,782,000 after purchasing an additional 8,238 shares in the last quarter. Voya Investment Management LLC grew its stake in Chemed by 39.7% in the second 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 in the last quarter. Thrivent Financial For Lutherans grew its stake in Chemed by 0.3% in the second quarter. Thrivent Financial For Lutherans now owns 171,350 shares of the company’s stock valued at $35,046,000 after purchasing an additional 490 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Chemed by 9.7% in the third quarter. Russell Investments Group Ltd. now owns 159,782 shares of the company’s stock valued at $32,285,000 after purchasing an additional 14,071 shares in the last quarter. Hedge funds and other institutional investors own 97.75% of the company’s stock.

A number of research firms have weighed in on CHE. Oppenheimer raised their price target on Chemed from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. National Bank Financial raised 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 cut Chemed from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. ValuEngine cut Chemed from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $209.00 price objective on shares of Chemed in a research report on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $236.00.

Shares of Chemed Corp. (CHE) opened at $238.83 on Thursday. Chemed Corp. has a 52-week low of $150.60 and a 52-week high of $251.00. The stock has a market capitalization of $3,844.45, a P/E ratio of 29.65, a PEG ratio of 5.09 and a beta of 1.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.50 and a quick ratio of 0.48.

Chemed (NYSE:CHE) last released its quarterly earnings data on Thursday, October 26th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.15. Chemed had a return on equity of 27.69% and a net margin of 4.62%. The company had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $414.34 million. During the same period last year, the firm posted $1.73 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. sell-side analysts anticipate that Chemed Corp. will post 4.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were given a $0.28 dividend. The ex-dividend date was Friday, November 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.47%. Chemed’s payout ratio is 24.89%.

In related news, insider David Patrick Williams sold 11,000 shares of Chemed stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $241.28, for a total transaction of $2,654,080.00. Following the completion of the sale, the insider now directly owns 74,857 shares of the company’s stock, valued at approximately $18,061,496.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Spencer S. Lee sold 1,000 shares of Chemed stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $228.45, for a total value of $228,450.00. Following the sale, the executive vice president now directly owns 36,809 shares of the company’s stock, valued at $8,409,016.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,179 shares of company stock valued at $10,729,699. Insiders own 4.90% of the company’s stock.

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Chemed Company Profile

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.

Institutional Ownership by Quarter for Chemed (NYSE:CHE)

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