Chemed Co. (NYSE:CHE) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of Chemed Co. (NYSE:CHE) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,018 shares of the company’s stock after selling 64 shares during the period. Retirement Systems of Alabama owned 0.28% of Chemed worth $22,261,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. raised its stake in Chemed by 300.0% during the fourth quarter. UMB Bank n.a. now owns 52 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Chemed during the 4th quarter valued at approximately $34,000. GAMMA Investing LLC raised its position in shares of Chemed by 60.5% during the 3rd quarter. GAMMA Investing LLC now owns 138 shares of the company’s stock valued at $83,000 after buying an additional 52 shares during the period. Sound Income Strategies LLC acquired a new position in Chemed in the third quarter valued at approximately $201,000. Finally, Farther Finance Advisors LLC grew its position in Chemed by 2,314.3% in the third quarter. Farther Finance Advisors LLC now owns 338 shares of the company’s stock worth $203,000 after acquiring an additional 324 shares during the period. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CHE shares. StockNews.com raised Chemed from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Royal Bank of Canada lowered their price target on Chemed from $697.00 to $633.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th.

Insider Activity

In other Chemed news, VP Brian C. Judkins bought 145 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average price of $519.50 per share, with a total value of $75,327.50. Following the completion of the acquisition, the vice president now directly owns 1,678 shares of the company’s stock, valued at $871,721. This represents a 9.46 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin J. Mcnamara sold 2,000 shares of Chemed stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $572.77, for a total value of $1,145,540.00. Following the sale, the chief executive officer now directly owns 101,735 shares of the company’s stock, valued at $58,270,755.95. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.32% of the company’s stock.

Chemed Stock Down 1.5 %

Chemed stock opened at $554.31 on Friday. The company’s 50 day moving average is $543.62 and its two-hundred day moving average is $564.38. The firm has a market cap of $8.34 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.48. Chemed Co. has a 52-week low of $512.12 and a 52-week high of $654.62.

Chemed Company 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.