AlphaQuest LLC Sells 1,672 Shares of Chemed Co. (NYSE:CHE)

AlphaQuest LLC reduced its stake in shares of Chemed Co. (NYSE:CHE) by 85.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 291 shares of the company’s stock after selling 1,672 shares during the period. AlphaQuest LLC’s holdings in Chemed were worth $154,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Chemed during the 4th quarter worth approximately $42,023,000. HighTower Advisors LLC increased its holdings in Chemed by 78.0% during the 3rd quarter. HighTower Advisors LLC now owns 3,730 shares of the company’s stock worth $2,246,000 after purchasing an additional 1,634 shares in the last quarter. XTX Topco Ltd increased its holdings in Chemed by 111.5% during the 3rd quarter. XTX Topco Ltd now owns 2,843 shares of the company’s stock worth $1,709,000 after purchasing an additional 1,499 shares in the last quarter. Geode Capital Management LLC increased its holdings in Chemed by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 335,443 shares of the company’s stock worth $201,820,000 after purchasing an additional 15,791 shares in the last quarter. Finally, Signal Advisors Wealth LLC increased its holdings in Chemed by 60.7% during the 4th quarter. Signal Advisors Wealth LLC now owns 4,995 shares of the company’s stock worth $2,647,000 after purchasing an additional 1,886 shares in the last quarter. 95.85% of the stock is owned by institutional investors.

Insider Activity at Chemed

In related news, CEO Kevin J. Mcnamara sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $593.67, for a total value of $1,187,340.00. Following the transaction, the chief executive officer now owns 102,679 shares in the company, valued at approximately $60,957,441.93. This represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian C. Judkins acquired 145 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $519.50 per share, for a total transaction of $75,327.50. Following the purchase, the vice president now owns 1,678 shares of the company’s stock, valued at $871,721. The trade was a 9.46 % increase in their position. The disclosure for this purchase can be found here. 3.32% of the stock is owned by company insiders.

Chemed Stock Up 1.7 %

CHE stock opened at $608.63 on Tuesday. The firm has a market cap of $8.91 billion, a PE ratio of 30.75, a P/E/G ratio of 2.15 and a beta of 0.43. The business has a 50 day moving average of $561.91 and a 200-day moving average of $564.94. Chemed Co. has a 12-month low of $512.12 and a 12-month high of $653.75.

Chemed Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Monday, February 24th. Chemed’s dividend payout ratio is presently 10.05%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CHE shares. Royal Bank of Canada upped their target price on Chemed from $633.00 to $667.00 and gave the company an “outperform” rating in a report on Friday. StockNews.com raised Chemed from a “hold” rating to a “buy” rating in a report on Friday, March 7th.

Chemed Profile

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in VITAS and Roto-Rooter segments. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.