Alps Advisors Inc. Buys 10,845 Shares of Chemed Corporation $CHE

Alps Advisors Inc. lifted its stake in Chemed Corporation (NYSE:CHE) by 32.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,295 shares of the company’s stock after buying an additional 10,845 shares during the quarter. Alps Advisors Inc. owned about 0.30% of Chemed worth $19,833,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its holdings in Chemed by 69.3% during the second quarter. Acadian Asset Management LLC now owns 250,722 shares of the company’s stock valued at $122,056,000 after purchasing an additional 102,597 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Chemed by 0.4% during the 2nd quarter. Boston Trust Walden Corp now owns 247,434 shares of the company’s stock valued at $120,483,000 after purchasing an additional 1,083 shares during the period. AQR Capital Management LLC lifted its stake in shares of Chemed by 160.9% during the 2nd quarter. AQR Capital Management LLC now owns 201,041 shares of the company’s stock valued at $97,893,000 after buying an additional 123,982 shares in the last quarter. Norges Bank bought a new position in Chemed in the 2nd quarter worth $89,388,000. Finally, Van Berkom & Associates Inc. increased its stake in Chemed by 33.0% in the 3rd quarter. Van Berkom & Associates Inc. now owns 170,813 shares of the company’s stock worth $76,480,000 after buying an additional 42,390 shares in the last quarter. 95.85% of the stock is currently owned by institutional investors.

Chemed Trading Down 1.3%

Shares of Chemed stock opened at $447.56 on Monday. The firm has a market cap of $6.34 billion, a PE ratio of 23.67, a PEG ratio of 2.18 and a beta of 0.44. The stock has a 50 day moving average of $436.81 and a 200 day moving average of $441.79. Chemed Corporation has a 12 month low of $408.42 and a 12 month high of $623.60.

Insider Transactions at Chemed

In other Chemed news, CEO Kevin J. Mcnamara sold 2,000 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $437.55, for a total transaction of $875,100.00. Following the completion of the transaction, the chief executive officer owned 94,197 shares in the company, valued at $41,215,897.35. This trade represents a 2.08% 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. 3.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CHE has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price objective on Chemed from $589.00 to $572.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Jefferies Financial Group cut Chemed from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Chemed in a research note on Wednesday, January 21st. Finally, Zacks Research raised shares of Chemed from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Chemed presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.50.

Chemed Company Profile

Chemed Corporation is a diversified provider of essential home services and healthcare solutions in the United States. Headquartered in Cincinnati, Ohio, the company operates through two principal business segments—Roto-Rooter and Vitas Healthcare. Since its founding in 1974, Chemed has built a reputation for reliability and expertise, serving both residential and commercial customers across a broad range of markets.

The Roto-Rooter segment offers a comprehensive suite of plumbing, drain cleaning and water restoration services.