Lecap Asset Management Ltd. Invests $978,000 in Chemed Corporation $CHE

Key Points

• Lecap Asset Management Ltd. has invested $978,000 in Chemed Corporation by acquiring 2,009 shares, according to a recent SEC filing.
• Chemed's stock has seen a 0.2% increase recently and has a current market capitalization of $6.43 billion.
• The company recently announced an increase in its dividend to $0.60 per share, up from $0.50, reflecting a growing payout ratio of 12.34%.

Lecap Asset Management Ltd. acquired a new stake in shares of Chemed Corporation (NYSE:CHE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,009 shares of the company's stock, valued at approximately $978,000.

A number of other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its holdings in Chemed by 54.5% in the 1st quarter. Whipplewood Advisors LLC now owns 51 shares of the company's stock valued at $31,000 after acquiring an additional 18 shares during the last quarter. Renasant Bank increased its stake in Chemed by 2.3% in the first quarter. Renasant Bank now owns 815 shares of the company's stock valued at $501,000 after purchasing an additional 18 shares during the last quarter. Impact Capital Partners LLC lifted its position in Chemed by 2.7% during the first quarter. Impact Capital Partners LLC now owns 763 shares of the company's stock worth $469,000 after buying an additional 20 shares during the period. Cim LLC boosted its stake in Chemed by 1.0% in the 1st quarter. Cim LLC now owns 2,029 shares of the company's stock worth $1,248,000 after buying an additional 21 shares during the last quarter. Finally, KFG Wealth Management LLC grew its holdings in Chemed by 4.6% in the 1st quarter. KFG Wealth Management LLC now owns 525 shares of the company's stock valued at $323,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 95.85% of the company's stock.

Insider Buying and Selling

In related news, Director George J. Walsh III bought 200 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $417.10 per share, with a total value of $83,420.00. Following the completion of the transaction, the director directly owned 3,523 shares of the company's stock, valued at approximately $1,469,443.30. This represents a 6.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nicholas Michael Westfall sold 10,012 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $421.91, for a total value of $4,224,162.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,162 shares of company stock worth $5,677,511. Company insiders own 3.29% of the company's stock.

Chemed Stock Up 0.2%

Shares of CHE stock opened at $441.44 on Friday. Chemed Corporation has a fifty-two week low of $408.42 and a fifty-two week high of $623.60. The firm's 50 day moving average price is $449.24 and its two-hundred day moving average price is $517.53. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 2.56 and a beta of 0.43.

Chemed (NYSE:CHE - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.02 by ($1.75). The business had revenue of $618.80 million during the quarter, compared to analyst estimates of $650.60 million. Chemed had a return on equity of 25.83% and a net margin of 11.56%.Chemed's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.47 EPS. Chemed has set its FY 2025 guidance at 22.000-22.300 EPS. On average, equities analysts forecast that Chemed Corporation will post 21.43 EPS for the current fiscal year.

Chemed Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 11th were paid a dividend of $0.60 per share. This is a boost from Chemed's previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. Chemed's payout ratio is presently 12.34%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CHE shares. Wall Street Zen lowered shares of Chemed from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Royal Bank Of Canada dropped their price target on shares of Chemed from $640.00 to $589.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Oppenheimer decreased their price target on shares of Chemed from $650.00 to $580.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Jefferies Financial Group raised shares of Chemed from a "hold" rating to a "buy" rating and boosted their price objective for the company from $490.00 to $550.00 in a research note on Tuesday, September 2nd. Finally, Bank of America dropped their price objective on Chemed from $610.00 to $595.00 and set a "buy" rating for the company in a report on Wednesday, September 10th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $578.50.

About Chemed

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.

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