Atala Financial Inc Buys New Stake in Chemed Co. (NYSE:CHE)

Atala Financial Inc bought a new stake in Chemed Co. (NYSE:CHE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 55 shares of the company’s stock, valued at approximately $29,000.

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

Insider Activity at Chemed

In related news, VP Brian C. Judkins purchased 145 shares of Chemed stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of $519.50 per share, with a total value of $75,327.50. Following the completion of the transaction, the vice president now directly owns 1,678 shares in the company, valued at approximately $871,721. The trade was a 9.46 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin J. Mcnamara sold 2,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $593.67, for a total transaction of $1,187,340.00. Following the completion of the sale, 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 owned by corporate insiders.

Wall Street Analyst Weigh In

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

Chemed Trading Up 1.4 %

Shares of CHE stock opened at $598.15 on Friday. The firm has a fifty day moving average price of $560.28 and a 200 day moving average price of $564.79. The company has a market cap of $8.76 billion, a P/E ratio of 30.22, a PEG ratio of 2.15 and a beta of 0.43. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $654.62.

Chemed Dividend Announcement

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

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.