Chemed Co. (NYSE:CHE) Shares Bought by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. raised its stake in shares of Chemed Co. (NYSE:CHE) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,163 shares of the company’s stock after purchasing an additional 1,173 shares during the period. Chemed accounts for 2.3% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 12th largest position. Schwartz Investment Counsel Inc. owned about 0.79% of Chemed worth $63,133,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. grew its position in Chemed by 300.0% during the fourth quarter. UMB Bank n.a. now owns 52 shares of the company’s stock valued at $28,000 after acquiring an additional 39 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Chemed in the fourth quarter worth $34,000. GAMMA Investing LLC increased its position in shares of Chemed by 60.5% in the third quarter. GAMMA Investing LLC now owns 138 shares of the company’s stock worth $83,000 after acquiring an additional 52 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Chemed by 2,314.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 338 shares of the company’s stock valued at $203,000 after acquiring an additional 324 shares during the period. Finally, KBC Group NV boosted its position in Chemed by 11.5% during the 3rd quarter. KBC Group NV now owns 378 shares of the company’s stock worth $227,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Chemed Price Performance

Shares of CHE stock opened at $553.94 on Wednesday. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $654.62. The company’s fifty day moving average price is $542.65 and its two-hundred day moving average price is $564.84. The firm has a market capitalization of $8.34 billion, a P/E ratio of 27.99, a P/E/G ratio of 2.16 and a beta of 0.48.

Insider Buying and Selling at Chemed

In related news, VP Brian C. Judkins purchased 145 shares of Chemed stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $519.50 per share, with a total value of $75,327.50. Following the completion of the transaction, the vice president now owns 1,678 shares of the company’s stock, valued at approximately $871,721. This trade represents a 9.46 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Spencer S. Lee sold 732 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $575.62, for a total value of $421,353.84. Following the completion of the sale, the executive vice president now directly owns 18,287 shares of the company’s stock, valued at approximately $10,526,362.94. This represents a 3.85 % 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 corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Royal Bank of Canada cut their price objective on Chemed from $697.00 to $633.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. StockNews.com upgraded Chemed from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th.

Chemed 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.