Sei Investments Co. Sells 4,115 Shares of Chemed Co. (NYSE:CHE)

Sei Investments Co. reduced its stake in Chemed Co. (NYSE:CHE) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,753 shares of the company’s stock after selling 4,115 shares during the period. Sei Investments Co. owned 0.23% of Chemed worth $18,414,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. raised its position in shares of Chemed by 300.0% in the 4th quarter. UMB Bank n.a. now owns 52 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares in the last quarter. Atala Financial Inc purchased a new stake in Chemed in the fourth quarter worth $29,000. CBIZ Investment Advisory Services LLC lifted its position in Chemed by 64.7% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 56 shares of the company’s stock valued at $30,000 after buying an additional 22 shares during the period. Trust Co. of Vermont purchased a new position in Chemed during the fourth quarter valued at $34,000. Finally, Tortoise Investment Management LLC grew its position in shares of Chemed by 77.3% in the 4th quarter. Tortoise Investment Management LLC now owns 78 shares of the company’s stock worth $41,000 after buying an additional 34 shares during the period. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Chemed Price Performance

Shares of NYSE:CHE opened at $612.09 on Friday. The company has a market capitalization of $8.96 billion, a PE ratio of 30.93, a PEG ratio of 2.15 and a beta of 0.43. The business has a fifty day moving average price of $573.14 and a 200-day moving average price of $566.47. Chemed Co. has a 1-year low of $512.12 and a 1-year high of $646.71.

Chemed Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.00 annualized dividend and a yield of 0.33%. Chemed’s dividend payout ratio (DPR) is presently 10.05%.

Wall Street Analyst Weigh In

CHE has been the topic of several research reports. StockNews.com raised shares of Chemed from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Royal Bank of Canada boosted their price target on Chemed from $633.00 to $667.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th.

Insider Transactions at Chemed

In other news, CEO Kevin J. Mcnamara sold 2,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $593.67, for a total value of $1,187,340.00. Following the completion of the transaction, the chief executive officer now owns 102,679 shares in the company, valued at $60,957,441.93. The trade was a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Brian C. Judkins acquired 145 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $519.50 per share, for a total transaction of $75,327.50. Following the completion of the transaction, the vice president now directly owns 1,678 shares of the company’s stock, valued at $871,721. The trade was a 9.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.32% of the company’s stock.

Chemed Company Profile

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.