Edgestream Partners L.P. Decreases Stake in Chemed Co. (NYSE:CHE)

Edgestream Partners L.P. decreased its position in Chemed Co. (NYSE:CHE) by 51.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,007 shares of the company’s stock after selling 5,404 shares during the period. Edgestream Partners L.P.’s holdings in Chemed were worth $2,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Chemed in the 4th quarter valued at about $42,023,000. Aigen Investment Management LP increased its stake in Chemed by 300.4% in the 4th quarter. Aigen Investment Management LP now owns 2,002 shares of the company’s stock valued at $1,061,000 after buying an additional 1,502 shares during the last quarter. M&T Bank Corp increased its stake in Chemed by 14.4% in the 4th quarter. M&T Bank Corp now owns 964 shares of the company’s stock valued at $511,000 after buying an additional 121 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Chemed by 10.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 136,182 shares of the company’s stock valued at $72,149,000 after buying an additional 13,394 shares during the last quarter. Finally, 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 valued at $72,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Chemed from a “hold” rating to a “buy” rating in a research note on Friday.

Insider Transactions at Chemed

In related news, VP Brian C. Judkins purchased 145 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was bought at an average price of $519.50 per share, for a total transaction of $75,327.50. Following the purchase, the vice president now directly owns 1,678 shares in the company, valued at approximately $871,721. This trade represents a 9.46 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin J. Mcnamara sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $593.67, for a total transaction of $1,187,340.00. Following the completion of the transaction, the chief executive officer now directly owns 102,679 shares of the company’s stock, valued at approximately $60,957,441.93. This trade represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.32% of the stock is currently owned by company insiders.

Chemed Stock Up 0.3 %

Shares of CHE stock opened at $595.86 on Monday. The company has a 50 day moving average of $553.87 and a 200-day moving average of $563.91. Chemed Co. has a 12-month low of $512.12 and a 12-month high of $654.62. The firm has a market cap of $8.72 billion, a P/E ratio of 30.11, a PEG ratio of 2.15 and a beta of 0.43.

Chemed Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. Chemed’s payout ratio is currently 10.05%.

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.