November 28, 2016 - By Louis Casey
The insider, and Chemed Corp’s director, Patrick Grace, made a sale of 400 company shares on 28-11-2016, with market value around $59,412 (at $148.5 per share). Patrick Grace right now has in hand 4,597 shares or 0.03% of Chemed Corp’s market cap.
Out of 2 analysts covering Chemed (NYSE:CHE), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $154 is the highest target while $129 is the lowest. The $146.50 average target is -1.55% below today’s ($148.8) stock price. Chemed has been the topic of 7 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, July 27. Oppenheimer maintained Chemed Corporation (NYSE:CHE) rating on Tuesday, September 22. Oppenheimer has “Outperform” rating and $150.0 price target. The stock of Chemed Corporation (NYSE:CHE) has “Sector Perform” rating given on Monday, October 26 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, November 1. RBC Capital Markets maintained the shares of CHE in a report on Monday, May 2 with “Sector Perform” rating. The firm has “Outperform” rating by Oppenheimer given on Monday, October 26.
Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.01, from 0.83 in 2016Q1. The ratio worsened, as 20 funds sold all Chemed Corporation shares owned while 85 reduced positions. 23 funds bought stakes while 64 increased positions. They now own 15.59 million shares or 21.49% less from 19.86 million shares in 2016Q1.
Price T Rowe Associate Incorporated Md accumulated 141,250 shares or 0% of the stock. The Massachusetts-based Fmr has invested 0.02% in Chemed Corporation (NYSE:CHE). Fdx Advsr last reported 0.03% of its portfolio in the stock. Spark Invest Mgmt Limited Liability reported 14,500 shares or 0.18% of all its holdings. Fort Lp last reported 0.26% of its portfolio in the stock. Moreover, Amer International Group Inc Inc has 0% invested in Chemed Corporation (NYSE:CHE) for 12,103 shares. Ameriprise Inc has invested 0.01% of its portfolio in Chemed Corporation (NYSE:CHE). Teachers Retirement Of The State Of Kentucky accumulated 6,500 shares or 0.01% of the stock. Moreover, State Board Of Administration Of Florida Retirement System has 0% invested in Chemed Corporation (NYSE:CHE) for 9,828 shares. The Kansas-based Creative Planning has invested 0% in Chemed Corporation (NYSE:CHE). Schwab Charles Invest Mngmt Inc last reported 0.01% of its portfolio in the stock. Capstone Asset Mngmt Co has invested 0.01% of its portfolio in Chemed Corporation (NYSE:CHE). Van Berkom Associate holds 2.79% or 448,096 shares in its portfolio. Bell State Bankshares has invested 0.18% of its portfolio in Chemed Corporation (NYSE:CHE). Profund Advisors Ltd reported 2,271 shares or 0.02% of all its holdings.
Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 8 sales for $6.19 million net activity. Shares for $283,340 were sold by LEE SPENCER S. $649,260 worth of shares were sold by TUCKER ARTHUR V JR on Friday, August 5. 18,000 shares were sold by MCNAMARA KEVIN J, worth $2.61 million. SAUNDERS DONALD E sold $74,780 worth of stock or 500 shares.
About 109,776 shares traded hands. Chemed Corporation (NYSE:CHE) has risen 7.44% since April 25, 2016 and is uptrending. It has outperformed by 1.42% the S&P500.
Chemed Corporation operates and divests subsidiaries engaged in diverse business activities. The company has a market cap of $2.42 billion. The Firm operates its business in two divisions: the VITAS segment and the Roto-Rooter segment (Roto-Rooter). It has a 23.75 P/E ratio. The Company’s VITAS segment provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers.
According to Zacks Investment Research, “Chemed Corporation is the nation’s largest provider of end-of-life hospice care services through its VITAS Healthcare Corporation subsidiary. Chemed also maintains a presence in the residential and commercial repair-and-maintenance industry through two subsidiaries. Roto-Rooter is North America’s largest provider of plumbing and drain cleaning services. Service America Network Inc. provides major-appliance and heating/air-conditioning repair, maintenance, and replacement services.”
Analysts await Chemed Corporation (NYSE:CHE) to report earnings on February, 15. They expect $2.11 EPS, up 11.05% or $0.21 from last year’s $1.9 per share. CHE’s profit will be $34.32 million for 17.63 P/E if the $2.11 EPS becomes a reality. After $1.73 actual EPS reported by Chemed Corporation for the previous quarter, Wall Street now forecasts 21.97% EPS growth.
More notable recent Chemed Corporation (NYSE:CHE) news were published by: Marketwatch.com which released: “Chemed Corp.” on December 21, 2009, also Quotes.Wsj.com with their article: “News Chemed Corp.CHE” published on February 11, 2011, Streetinsider.com published: “Chemed Corporation (CHE) Misses Q3 EPS by 9c” on October 26, 2016. More interesting news about Chemed Corporation (NYSE:CHE) were released by: Businesswire.com and their article: “Chemed Corporation Declares Quarterly Dividend of 26 Cents” published on November 04, 2016 as well as Seekingalpha.com‘s news article titled: “Chemed: Finally Time For That Roto-Rooter Spin-Off” with publication date: November 24, 2016.
Chemed Corporation, incorporated on April 2, 1970, purchases, operates and divests subsidiaries engaged in diverse business activities. The Firm operates its business in two divisions: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter).
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By Louis Casey