Louisiana State Employees Retirement System boosted its stake in Chemed Co. (NYSE:CHE) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,900 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Chemed were worth $1,677,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Hutchens Investment Management Inc acquired a new stake in Chemed in the fourth quarter worth $303,000. Public Employees Retirement System of Ohio lifted its stake in shares of Chemed by 198.9% in the third quarter. Public Employees Retirement System of Ohio now owns 3,781 shares of the company’s stock valued at $764,000 after buying an additional 2,516 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Chemed by 75.9% in the third quarter. GSA Capital Partners LLP now owns 5,765 shares of the company’s stock valued at $1,165,000 after buying an additional 2,487 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Chemed by 4.0% in the third quarter. California Public Employees Retirement System now owns 70,489 shares of the company’s stock valued at $14,242,000 after buying an additional 2,689 shares in the last quarter. Finally, PEAK6 Investments L.P. bought a new position in shares of Chemed in the third quarter valued at $608,000. Institutional investors and hedge funds own 97.66% of the company’s stock.
A number of research analysts have weighed in on CHE shares. Oppenheimer raised their price objective on shares of Chemed from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Chemed from a “hold” rating to a “buy” rating and set a $251.00 price objective on the stock in a research note on Thursday, November 2nd. Royal Bank of Canada raised their price objective on shares of Chemed to $232.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 31st. ValuEngine lowered shares of Chemed from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, KeyCorp reissued a “hold” rating on shares of Chemed in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $236.00.
In other Chemed news, VP Naomi C. Dallob sold 950 shares of Chemed stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $240.38, for a total value of $228,361.00. Following the sale, the vice president now owns 9,747 shares of the company’s stock, valued at $2,342,983.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Michael Westfall sold 10,000 shares of Chemed stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $231.00, for a total transaction of $2,310,000.00. Following the completion of the sale, the insider now directly owns 13,351 shares in the company, valued at approximately $3,084,081. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,529 shares of company stock worth $7,446,966. Insiders own 4.90% of the company’s stock.
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Chemed Corporation purchases, operates and divests subsidiaries engaged in various business activities. The Company operates through two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers.
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