William Blair Investment Management LLC Sells 12,259 Shares of Chemed Co. (NYSE:CHE)

William Blair Investment Management LLC trimmed its holdings in Chemed Co. (NYSE:CHE) by 2.5% in the 4th quarter, Holdings Channel reports. The fund owned 473,523 shares of the company’s stock after selling 12,259 shares during the quarter. William Blair Investment Management LLC’s holdings in Chemed were worth $250,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Chemed during the fourth quarter worth $42,023,000. HighTower Advisors LLC boosted its holdings in Chemed by 78.0% during the third quarter. HighTower Advisors LLC now owns 3,730 shares of the company’s stock worth $2,246,000 after buying an additional 1,634 shares during the last quarter. XTX Topco Ltd boosted its holdings in Chemed by 111.5% during the third quarter. XTX Topco Ltd now owns 2,843 shares of the company’s stock worth $1,709,000 after buying an additional 1,499 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Chemed by 4.9% during the third quarter. Geode Capital Management LLC now owns 335,443 shares of the company’s stock worth $201,820,000 after buying an additional 15,791 shares during the last quarter. Finally, Signal Advisors Wealth LLC lifted its holdings in shares of Chemed by 60.7% during the 4th quarter. Signal Advisors Wealth LLC now owns 4,995 shares of the company’s stock valued at $2,647,000 after purchasing an additional 1,886 shares in the last quarter. 95.85% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Kevin J. Mcnamara sold 2,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was 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 in the company, valued at $60,957,441.93. This represents a 1.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian C. Judkins bought 145 shares of the stock in a transaction 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 acquisition, the vice president now owns 1,678 shares in the company, valued at approximately $871,721. This represents a 9.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.32% of the company’s stock.

Chemed Stock Up 1.4 %

NYSE:CHE opened at $598.15 on Monday. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.15 and a beta of 0.43. Chemed Co. has a twelve month low of $512.12 and a twelve month high of $654.62. The stock’s 50 day moving average price is $560.28 and its two-hundred day moving average price is $564.74.

Chemed Announces Dividend

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

Analyst Ratings Changes

CHE has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price objective on Chemed from $633.00 to $667.00 and gave the company an “outperform” rating in a report on Friday. StockNews.com raised Chemed from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

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.