Janney Montgomery Scott LLC Acquires 330 Shares of Chemed Co. (NYSE:CHE)

Janney Montgomery Scott LLC increased its holdings in Chemed Co. (NYSE:CHEFree Report) by 3.2% during the third quarter, Holdings Channel reports. The firm owned 10,702 shares of the company’s stock after acquiring an additional 330 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Chemed were worth $5,562,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. NewEdge Wealth LLC lifted its holdings in Chemed by 8.7% in the 3rd quarter. NewEdge Wealth LLC now owns 4,784 shares of the company’s stock worth $2,486,000 after purchasing an additional 382 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Chemed in the 3rd quarter worth approximately $47,655,000. Swiss National Bank lifted its holdings in Chemed by 0.9% in the 3rd quarter. Swiss National Bank now owns 33,000 shares of the company’s stock worth $17,150,000 after purchasing an additional 300 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Chemed by 2.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,981 shares of the company’s stock worth $7,266,000 after purchasing an additional 341 shares in the last quarter. Finally, Keybank National Association OH lifted its holdings in Chemed by 0.3% in the 3rd quarter. Keybank National Association OH now owns 10,261 shares of the company’s stock worth $5,333,000 after purchasing an additional 26 shares in the last quarter. 94.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Chemed from $576.00 to $604.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Oppenheimer upped their price objective on Chemed from $590.00 to $625.00 and gave the stock an “outperform” rating in a report on Wednesday, January 17th.

Read Our Latest Stock Analysis on CHE

Chemed Price Performance

Shares of CHE opened at $588.94 on Tuesday. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 2.88 and a beta of 0.43. Chemed Co. has a 1 year low of $492.84 and a 1 year high of $610.35. The business’s 50 day simple moving average is $585.99 and its 200-day simple moving average is $550.44.

Insider Activity

In other news, EVP Spencer S. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $579.73, for a total transaction of $579,730.00. Following the transaction, the executive vice president now owns 22,568 shares of the company’s stock, valued at approximately $13,083,346.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Spencer S. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $579.73, for a total transaction of $579,730.00. Following the transaction, the executive vice president now owns 22,568 shares of the company’s stock, valued at approximately $13,083,346.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kevin J. Mcnamara sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $572.77, for a total value of $859,155.00. Following the transaction, the chief executive officer now directly owns 111,468 shares in the company, valued at approximately $63,845,526.36. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

Chemed Company 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.

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Institutional Ownership by Quarter for Chemed (NYSE:CHE)

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