Chemed Co. (CHE) Shares Sold by Meeder Asset Management Inc.
Meeder Asset Management Inc. cut its holdings in Chemed Co. (NYSE:CHE) by 26.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,516 shares of the company’s stock after selling 905 shares during the period. Meeder Asset Management Inc.’s holdings in Chemed were worth $804,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of CHE. Fort L.P. bought a new stake in Chemed in the 2nd quarter valued at about $120,000. Cerebellum GP LLC bought a new stake in Chemed in the 3rd quarter valued at about $148,000. Tower Research Capital LLC TRC increased its position in Chemed by 70.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 544 shares of the company’s stock valued at $175,000 after buying an additional 224 shares in the last quarter. We Are One Seven LLC bought a new stake in Chemed in the 3rd quarter valued at about $228,000. Finally, Hollencrest Capital Management bought a new stake in Chemed in the 3rd quarter valued at about $231,000. 90.39% of the stock is owned by hedge funds and other institutional investors.
In other Chemed news, Director Donald E. Saunders sold 300 shares of Chemed stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $308.74, for a total transaction of $92,622.00. Following the completion of the transaction, the director now owns 8,251 shares in the company, valued at approximately $2,547,413.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Naomi C. Dallob sold 5,500 shares of Chemed stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $317.23, for a total value of $1,744,765.00. Following the transaction, the vice president now owns 11,122 shares of the company’s stock, valued at approximately $3,528,232.06. The disclosure for this sale can be found here. Insiders have sold a total of 18,806 shares of company stock valued at $5,902,345 in the last quarter. Company insiders own 4.90% of the company’s stock.
CHE stock opened at $317.56 on Friday. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 2.83 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.14 and a quick ratio of 1.11. Chemed Co. has a 52-week low of $227.14 and a 52-week high of $335.99.
Chemed (NYSE:CHE) last released its quarterly earnings results on Monday, October 29th. The company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.27. The business had revenue of $444.15 million during the quarter, compared to the consensus estimate of $445.16 million. Chemed had a return on equity of 35.13% and a net margin of 11.73%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.15 EPS. On average, analysts forecast that Chemed Co. will post 11.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 8th. This represents a $1.20 dividend on an annualized basis and a yield of 0.38%. Chemed’s dividend payout ratio (DPR) is currently 22.39%.
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Chemed Company Profile
Chemed Corporation provides hospice and palliative care services in the United States. It operates through two segments, VITAS and Roto-Rooter. The VITAS segment offers direct medical services, as well as spiritual and emotional counseling services to terminally ill patients. This segment offers its services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers.
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