PNC Financial Services Group Inc. Has $724,000 Stake in Chemed Corp. (CHE)

PNC Financial Services Group Inc. lessened its position in Chemed Corp. (NYSE:CHE) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,544 shares of the company’s stock after selling 106 shares during the period. PNC Financial Services Group Inc.’s holdings in Chemed Corp. were worth $724,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its position in shares of Chemed Corp. by 1.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,700 shares of the company’s stock valued at $676,000 after buying an additional 40 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Chemed Corp. by 2.7% in the second quarter. Capstone Asset Management Co. now owns 1,857 shares of the company’s stock valued at $380,000 after buying an additional 49 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Chemed Corp. by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 11,600 shares of the company’s stock valued at $2,373,000 after buying an additional 50 shares during the last quarter. Amalgamated Bank raised its position in shares of Chemed Corp. by 2.9% in the second quarter. Amalgamated Bank now owns 2,203 shares of the company’s stock valued at $451,000 after buying an additional 62 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Chemed Corp. by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 8,681 shares of the company’s stock valued at $1,776,000 after buying an additional 64 shares during the last quarter. 96.96% of the stock is owned by institutional investors and hedge funds.

Chemed Corp. (NYSE CHE) opened at 203.10 on Thursday. Chemed Corp. has a 52-week low of $132.92 and a 52-week high of $216.01. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 50.38 and a beta of 1.13. The stock has a 50 day moving average of $195.97 and a 200-day moving average of $197.73.

Chemed Corp. (NYSE:CHE) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.26. The business had revenue of $415.06 million during the quarter, compared to analyst estimates of $407.56 million. Chemed Corp. had a net margin of 4.16% and a return on equity of 26.18%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 earnings per share. On average, analysts expect that Chemed Corp. will post $8.21 EPS for the current year.

In other news, insider Spencer S. Lee sold 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $197.46, for a total value of $197,460.00. Following the completion of the sale, the insider now directly owns 37,809 shares of the company’s stock, valued at $7,465,765.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick P. Grace sold 500 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $201.48, for a total transaction of $100,740.00. Following the completion of the sale, the director now directly owns 4,515 shares of the company’s stock, valued at $909,682.20. The disclosure for this sale can be found here. Insiders sold 16,500 shares of company stock valued at $3,315,600 over the last three months. 5.32% of the stock is owned by insiders.

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A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $209.00 price objective on shares of Chemed Corp. in a research report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Chemed Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. KeyCorp assumed coverage on shares of Chemed Corp. in a research report on Monday, August 28th. They issued a “sector weight” rating for the company. Finally, BidaskClub lowered shares of Chemed Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $215.00.

Chemed Corp. 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.

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Institutional Ownership by Quarter for Chemed Corp. (NYSE:CHE)

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