Ontario Teachers Pension Plan Board Acquires 585 Shares of Chemed Co. (NYSE:CHE)

Ontario Teachers Pension Plan Board boosted its holdings in Chemed Co. (NYSE:CHE) by 53.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,672 shares of the company’s stock after acquiring an additional 585 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Chemed were worth $886,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Chemed during the fourth quarter worth $95,872,000. Raymond James Financial Inc. bought a new stake in shares of Chemed in the 4th quarter worth $42,023,000. FMR LLC raised its holdings in shares of Chemed by 18.9% in the fourth quarter. FMR LLC now owns 283,790 shares of the company’s stock valued at $150,352,000 after purchasing an additional 45,174 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Chemed by 114.1% in the fourth quarter. Principal Financial Group Inc. now owns 74,658 shares of the company’s stock valued at $39,554,000 after purchasing an additional 39,791 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Chemed during the fourth quarter valued at about $12,880,000. Institutional investors and hedge funds own 95.85% of the company’s stock.

Insider Transactions at Chemed

In other Chemed news, CEO Kevin J. Mcnamara sold 1,000 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $615.33, for a total transaction of $615,330.00. Following the completion of the transaction, the chief executive officer now directly owns 101,679 shares of the company’s stock, valued at approximately $62,566,139.07. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.32% of the stock is currently owned by company insiders.

Chemed Stock Performance

Shares of NYSE:CHE opened at $582.34 on Thursday. Chemed Co. has a fifty-two week low of $512.12 and a fifty-two week high of $623.61. The company’s 50-day moving average is $585.24 and its 200 day moving average is $567.97. The company has a market capitalization of $8.51 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 2.15 and a beta of 0.49.

Chemed Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, February 24th. Chemed’s dividend payout ratio is currently 10.05%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Chemed from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Royal Bank of Canada lifted their price target on Chemed from $633.00 to $667.00 and gave the stock an “outperform” rating in a report on Friday, March 14th.

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.