Shares of Chemed Co. (NYSE:CHE) have received an average recommendation of “Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $332.00.

CHE has been the topic of several recent research reports. Bank of America initiated coverage on shares of Chemed in a report on Friday, October 12th. They set a “buy” rating and a $390.00 target price on the stock. Royal Bank of Canada lifted their target price on shares of Chemed to $321.00 and gave the company a “market perform” rating in a report on Monday, July 30th. Zacks Investment Research lowered shares of Chemed from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, ValuEngine lowered shares of Chemed from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd.

Shares of NYSE:CHE traded up $4.18 during midday trading on Tuesday, hitting $314.74. 188,237 shares of the company’s stock traded hands, compared to its average volume of 109,103. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 58.72, a PEG ratio of 2.76 and a beta of 1.23. Chemed has a twelve month low of $227.98 and a twelve month high of $335.99.

Chemed (NYSE:CHE) last posted its earnings results on Monday, October 29th. The company reported $3.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.80 by $0.27. The business had revenue of $444.15 million for the quarter, compared to analyst estimates of $445.16 million. Chemed had a net margin of 11.73% and a return on equity of 35.13%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.15 EPS. On average, analysts predict that Chemed will post 11.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.20 dividend on an annualized basis and a yield of 0.38%. Chemed’s dividend payout ratio is currently 22.39%.

In other Chemed news, Director Donald E. Saunders sold 300 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $319.22, for a total value of $95,766.00. Following the transaction, the director now owns 8,701 shares in the company, valued at approximately $2,777,533.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael D. Witzeman sold 1,706 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $322.00, for a total transaction of $549,332.00. Following the completion of the transaction, the vice president now owns 4,000 shares in the company, valued at approximately $1,288,000. The disclosure for this sale can be found here. Insiders sold a total of 20,290 shares of company stock worth $6,367,986 in the last quarter. 4.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC bought a new stake in shares of Chemed during the 1st quarter valued at about $236,000. Principal Financial Group Inc. boosted its position in shares of Chemed by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 133,004 shares of the company’s stock valued at $36,291,000 after acquiring an additional 4,689 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Chemed by 7.5% during the 1st quarter. Allianz Asset Management GmbH now owns 2,783 shares of the company’s stock valued at $759,000 after acquiring an additional 195 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Chemed by 35.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 3,072 shares of the company’s stock valued at $989,000 after acquiring an additional 800 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Chemed by 43.3% during the 2nd quarter. Bank of Montreal Can now owns 7,064 shares of the company’s stock valued at $2,273,000 after acquiring an additional 2,136 shares during the last quarter. Hedge funds and other institutional investors own 90.12% of the company’s stock.

About Chemed

Chemed Corporation provides hospice and palliative care services in the United States. It operates through two segments, VITAS and Roto-Rooter. The VITAS segment offers direct medical services, as well as spiritual and emotional counseling services to terminally ill patients. This segment offers its services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers.

Further Reading: Why is the ex-dividend date different from the record date?

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