Teachers Retirement System of The State of Kentucky Sells 200 Shares of Chemed Co. (NYSE:CHE)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of Chemed Co. (NYSE:CHE) by 3.9% during the fourth quarter, Holdings Channel reports. The firm owned 4,903 shares of the company’s stock after selling 200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Chemed were worth $2,867,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in Chemed during the fourth quarter valued at approximately $37,000. Principal Securities Inc. bought a new position in Chemed during the fourth quarter valued at approximately $51,000. SRS Capital Advisors Inc. lifted its position in Chemed by 110.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 99 shares of the company’s stock valued at $58,000 after purchasing an additional 52 shares during the period. Covestor Ltd lifted its position in Chemed by 27.4% during the third quarter. Covestor Ltd now owns 144 shares of the company’s stock valued at $75,000 after purchasing an additional 31 shares during the period. Finally, Larson Financial Group LLC lifted its position in Chemed by 86.9% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $92,000 after purchasing an additional 73 shares during the period. Institutional investors own 95.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CHE shares. Oppenheimer increased their price target on shares of Chemed from $625.00 to $650.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. StockNews.com upgraded shares of Chemed from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Finally, Royal Bank of Canada decreased their price target on shares of Chemed from $712.00 to $697.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 21st.

Insider Transactions at Chemed

In other news, Director Patrick P. Grace sold 284 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $540.98, for a total value of $153,638.32. Following the completion of the sale, the director now directly owns 3,270 shares of the company’s stock, valued at $1,769,004.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Spencer S. Lee sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $641.65, for a total transaction of $1,283,300.00. Following the completion of the transaction, the executive vice president now directly owns 20,760 shares of the company’s stock, valued at $13,320,654. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick P. Grace sold 284 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $540.98, for a total transaction of $153,638.32. Following the transaction, the director now directly owns 3,270 shares of the company’s stock, valued at $1,769,004.60. The disclosure for this sale can be found here. Insiders sold a total of 7,784 shares of company stock valued at $4,523,353 over the last three months. Corporate insiders own 3.32% of the company’s stock.

Chemed Trading Down 1.2 %

CHE opened at $532.42 on Thursday. The firm’s 50 day simple moving average is $566.92 and its two-hundred day simple moving average is $590.72. The company has a market capitalization of $8.06 billion, a PE ratio of 28.66, a PEG ratio of 2.22 and a beta of 0.46. Chemed Co. has a 1-year low of $492.84 and a 1-year high of $654.62.

Chemed (NYSE:CHE) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.09 by ($0.41). The firm had revenue of $589.23 million during the quarter, compared to analysts’ expectations of $587.18 million. Chemed had a return on equity of 30.52% and a net margin of 12.36%. Equities analysts forecast that Chemed Co. will post 21.54 earnings per share for the current fiscal year.

Chemed Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Thursday, May 30th were paid a $0.40 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.30%. Chemed’s dividend payout ratio (DPR) is presently 8.61%.

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.