Chemed Corporation $CHE Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in Chemed Corporation (NYSE:CHE) by 96.3% during the third quarter, Holdings Channel reports. The firm owned 3,348 shares of the company’s stock after selling 86,865 shares during the period. Thrivent Financial for Lutherans’ holdings in Chemed were worth $1,499,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Vest Financial LLC raised its holdings in shares of Chemed by 32.6% during the third quarter. Vest Financial LLC now owns 9,702 shares of the company’s stock worth $4,344,000 after purchasing an additional 2,383 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Chemed during the 2nd quarter worth about $342,000. Fenimore Asset Management Inc grew its position in Chemed by 28.3% during the 3rd quarter. Fenimore Asset Management Inc now owns 37,240 shares of the company’s stock worth $16,674,000 after purchasing an additional 8,222 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Chemed by 45.8% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 55,979 shares of the company’s stock valued at $25,064,000 after buying an additional 17,587 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Chemed by 35.0% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 69,563 shares of the company’s stock valued at $33,872,000 after buying an additional 18,047 shares during the period. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chemed

In other news, CEO Kevin J. Mcnamara sold 2,000 shares of Chemed stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $437.55, for a total value of $875,100.00. Following the sale, 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 sale 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.

Chemed Price Performance

Shares of NYSE:CHE opened at $463.71 on Friday. The business’s 50 day moving average price is $438.84 and its 200-day moving average price is $441.85. Chemed Corporation has a 1 year low of $408.42 and a 1 year high of $623.60. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 2.25 and a beta of 0.44.

Wall Street Analysts Forecast Growth

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

About Chemed

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.