ProShare Advisors LLC Buys 18,901 Shares of Chemed Corporation $CHE

ProShare Advisors LLC boosted its stake in shares of Chemed Corporation (NYSE:CHE) by 33.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,405 shares of the company’s stock after purchasing an additional 18,901 shares during the period. ProShare Advisors LLC owned 0.52% of Chemed worth $33,762,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in shares of Chemed by 330.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 99 shares of the company’s stock valued at $61,000 after buying an additional 76 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in Chemed by 10.2% during the second quarter. DAVENPORT & Co LLC now owns 474 shares of the company’s stock worth $231,000 after buying an additional 44 shares during the last quarter. Callan Family Office LLC bought a new stake in Chemed during the second quarter worth $253,000. IFP Advisors Inc lifted its stake in Chemed by 23.0% in the second quarter. IFP Advisors Inc now owns 556 shares of the company’s stock valued at $271,000 after acquiring an additional 104 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Chemed by 8.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,760 shares of the company’s stock valued at $857,000 after acquiring an additional 136 shares during the period. Institutional investors and hedge funds own 95.85% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Kevin J. Mcnamara sold 2,000 shares of Chemed stock in a transaction that occurred on 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. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.29% of the company’s stock.

Chemed Stock Up 0.8%

Shares of CHE stock opened at $451.73 on Wednesday. The firm has a 50 day moving average price of $437.45 and a two-hundred day moving average price of $441.56. The company has a market capitalization of $6.40 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. Chemed Corporation has a 12-month low of $408.42 and a 12-month high of $623.60.

Analysts Set New Price Targets

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

Chemed Company Profile

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.