EverSource Wealth Advisors LLC Increases Stake in Chemed Co. (NYSE:CHE)

EverSource Wealth Advisors LLC increased its holdings in Chemed Co. (NYSE:CHE) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 498 shares of the company’s stock after purchasing an additional 33 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Chemed were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Chemed by 300.0% during the fourth quarter. UMB Bank n.a. now owns 52 shares of the company’s stock valued at $28,000 after buying an additional 39 shares during the last quarter. Trust Co. of Vermont purchased a new stake in Chemed during the 4th quarter valued at about $34,000. Tortoise Investment Management LLC grew its position in Chemed by 77.3% during the 4th quarter. Tortoise Investment Management LLC now owns 78 shares of the company’s stock worth $41,000 after acquiring an additional 34 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in Chemed by 39.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 135 shares of the company’s stock worth $72,000 after purchasing an additional 38 shares during the period. Finally, Allworth Financial LP lifted its position in Chemed by 2,057.1% in the fourth quarter. Allworth Financial LP now owns 151 shares of the company’s stock valued at $83,000 after purchasing an additional 144 shares during the last quarter. 95.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CHE shares. StockNews.com upgraded shares of Chemed from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Royal Bank of Canada raised their price target on shares of Chemed from $633.00 to $667.00 and gave the stock an “outperform” rating in a report on Friday.

Chemed Price Performance

CHE opened at $598.15 on Friday. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.15 and a beta of 0.43. Chemed Co. has a one year low of $512.12 and a one year high of $654.62. The business has a 50 day simple moving average of $560.28 and a two-hundred day simple moving average of $564.79.

Chemed Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Monday, February 24th. Chemed’s payout ratio is 10.05%.

Insider Buying and Selling at Chemed

In related news, VP Brian C. Judkins acquired 145 shares of the stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of $519.50 per share, for a total transaction 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 approximately $871,721. This represents a 9.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin J. Mcnamara sold 2,000 shares of Chemed stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $593.67, for a total value of $1,187,340.00. Following the sale, the chief executive officer now directly owns 102,679 shares in the company, valued at approximately $60,957,441.93. The trade was a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.32% of the company’s stock.

About Chemed

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.