Public Employees Retirement System of Ohio Has $3.60 Million Stake in Chemed Co. (NYSE:CHE)

Public Employees Retirement System of Ohio trimmed its holdings in Chemed Co. (NYSE:CHEFree Report) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,933 shares of the company’s stock after selling 760 shares during the period. Public Employees Retirement System of Ohio’s holdings in Chemed were worth $3,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHE. Larson Financial Group LLC acquired a new stake in shares of Chemed in the third quarter valued at approximately $44,000. Canada Pension Plan Investment Board acquired a new stake in shares of Chemed in the first quarter valued at approximately $46,000. Legacy Financial Group LLC acquired a new stake in shares of Chemed in the third quarter valued at approximately $48,000. Covestor Ltd raised its position in shares of Chemed by 334.6% in the second quarter. Covestor Ltd now owns 113 shares of the company’s stock valued at $61,000 after buying an additional 87 shares in the last quarter. Finally, Fortis Capital Advisors LLC raised its position in Chemed by 155.6% during the first quarter. Fortis Capital Advisors LLC now owns 115 shares of the company’s stock valued at $62,000 after purchasing an additional 70 shares in the last quarter. 94.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Oppenheimer boosted their price objective on shares of Chemed from $625.00 to $650.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Royal Bank of Canada boosted their price objective on shares of Chemed from $604.00 to $712.00 and gave the company an “outperform” rating in a research report on Monday, March 4th.

Get Our Latest Stock Report on Chemed

Chemed Price Performance

Shares of CHE opened at $644.29 on Friday. Chemed Co. has a one year low of $492.84 and a one year high of $654.62. The company has a market cap of $9.74 billion, a P/E ratio of 35.95, a P/E/G ratio of 2.61 and a beta of 0.42. The firm has a 50 day simple moving average of $608.04 and a two-hundred day simple moving average of $570.87.

Chemed (NYSE:CHEGet Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $6.60 earnings per share for the quarter, topping analysts’ consensus estimates of $6.25 by $0.35. The firm had revenue of $585.90 million for the quarter, compared to analysts’ expectations of $586.64 million. Chemed had a net margin of 12.03% and a return on equity of 32.29%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.39 earnings per share. On average, analysts expect that Chemed Co. will post 21.99 earnings per share for the current fiscal year.

Chemed Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.25%. Chemed’s payout ratio is presently 8.93%.

Chemed Profile

(Free Report)

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 two segments, VITAS and Roto-Rooter. 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.

See Also

Institutional Ownership by Quarter for Chemed (NYSE:CHE)

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