Candriam S.C.A. Has $19.28 Million Position in Chemed Corporation $CHE

Candriam S.C.A. lessened its holdings in shares of Chemed Corporation (NYSE:CHE) by 22.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 43,056 shares of the company’s stock after selling 12,553 shares during the quarter. Candriam S.C.A.’s holdings in Chemed were worth $19,278,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHE. Acadian Asset Management LLC boosted its position in shares of Chemed by 69.3% in the second quarter. Acadian Asset Management LLC now owns 250,722 shares of the company’s stock valued at $122,056,000 after acquiring an additional 102,597 shares during the period. Boston Trust Walden Corp raised its stake in Chemed by 0.4% during the 2nd quarter. Boston Trust Walden Corp now owns 247,434 shares of the company’s stock valued at $120,483,000 after purchasing an additional 1,083 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Chemed by 160.9% in the 2nd quarter. AQR Capital Management LLC now owns 201,041 shares of the company’s stock valued at $97,893,000 after purchasing an additional 123,982 shares during the period. Norges Bank acquired a new stake in Chemed in the 2nd quarter worth $89,388,000. Finally, Van Berkom & Associates Inc. grew its position in Chemed by 33.0% in the 3rd quarter. Van Berkom & Associates Inc. now owns 170,813 shares of the company’s stock worth $76,480,000 after purchasing an additional 42,390 shares during the last quarter. Institutional investors and hedge funds own 95.85% of the company’s stock.

Chemed Stock Performance

Shares of NYSE:CHE opened at $447.92 on Tuesday. The business has a fifty day moving average of $437.01 and a 200-day moving average of $441.68. Chemed Corporation has a twelve month low of $408.42 and a twelve month high of $623.60. The firm has a market cap of $6.34 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CHE shares. Royal Bank Of Canada reduced their target price on shares of Chemed from $589.00 to $572.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chemed in a research report on Wednesday, January 21st. Jefferies Financial Group lowered Chemed from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Zacks Research upgraded Chemed from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.50.

Insider Activity

In other Chemed news, CEO Kevin J. Mcnamara sold 2,000 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $437.55, for a total transaction of $875,100.00. Following the completion of the sale, the chief executive officer directly owned 94,197 shares of the company’s stock, valued at approximately $41,215,897.35. The trade was a 2.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.29% of the stock is owned by company insiders.

About Chemed

Chemed Corporation is a diversified provider of essential home services and healthcare solutions in the United States. Headquartered in Cincinnati, Ohio, the company operates through two principal business segments—Roto-Rooter and Vitas Healthcare. Since its founding in 1974, Chemed has built a reputation for reliability and expertise, serving both residential and commercial customers across a broad range of markets.

The Roto-Rooter segment offers a comprehensive suite of plumbing, drain cleaning and water restoration services.