Chemed Co. (NYSE:CHE) insider Spencer S. Lee sold 669 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $314.76, for a total transaction of $210,574.44. Following the sale, the insider now directly owns 30,589 shares in the company, valued at approximately $9,628,193.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
CHE stock traded up $4.63 during midday trading on Friday, reaching $316.78. The company had a trading volume of 132,160 shares, compared to its average volume of 104,490. 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 1 year low of $234.00 and a 1 year high of $335.99. The stock has a market cap of $5.00 billion, a PE ratio of 59.10, a P/E/G ratio of 2.74 and a beta of 1.23.
Chemed (NYSE:CHE) last released its quarterly earnings results on Monday, October 29th. The company reported $3.07 EPS for the quarter, topping the Zacks’ consensus estimate of $2.80 by $0.27. Chemed had a net margin of 11.73% and a return on equity of 35.13%. The business had revenue of $444.15 million during the quarter, compared to analysts’ expectations of $445.16 million. During the same quarter in the previous year, the company earned $2.15 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, research analysts expect that Chemed Co. will post 11.41 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the business. Fort L.P. purchased a new stake in shares of Chemed in the 2nd quarter valued at $120,000. Cerebellum GP LLC purchased a new stake in shares of Chemed in the 3rd quarter valued at $148,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 purchasing an additional 224 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Chemed in the 3rd quarter valued at $225,000. Finally, We Are One Seven LLC purchased a new stake in shares of Chemed in the 3rd quarter valued at $228,000. 90.15% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently weighed in on the stock. Zacks Investment Research reaffirmed a “buy” rating and set a $342.00 target price on shares of Chemed in a report on Monday, November 12th. Bank of America assumed coverage on shares of Chemed in a report on Friday, October 12th. They set a “buy” rating and a $390.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Chemed presently has an average rating of “Buy” and a consensus target price of $332.00.
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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.
Further Reading: Understanding Market Liquidity
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