Victory Capital Management Inc. Has $110.33 Million Holdings in Chemed Co. (NYSE:CHE)

Victory Capital Management Inc. raised its position in shares of Chemed Co. (NYSE:CHE - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 188,679 shares of the company's stock after purchasing an additional 31,036 shares during the quarter. Victory Capital Management Inc. owned about 1.25% of Chemed worth $110,330,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Chemed in the 4th quarter worth approximately $37,000. Larson Financial Group LLC bought a new stake in shares of Chemed during the 3rd quarter worth $44,000. Legacy Financial Group LLC acquired a new position in shares of Chemed in the 3rd quarter worth $48,000. Covestor Ltd raised its position in shares of Chemed by 27.4% during the third quarter. Covestor Ltd now owns 144 shares of the company's stock worth $75,000 after purchasing an additional 31 shares during the period. Finally, ORG Partners LLC purchased a new stake in shares of Chemed during the third quarter valued at $126,000. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHE. StockNews.com cut Chemed from a "buy" rating to a "hold" rating in a research note on Friday, April 26th. Oppenheimer boosted their price objective on Chemed from $625.00 to $650.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada lifted their price target on shares of Chemed from $604.00 to $712.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th.

Chemed Trading Up 0.4 %

CHE stock traded up $2.00 during trading on Friday, hitting $561.65. The company had a trading volume of 70,749 shares, compared to its average volume of 80,610. The company has a fifty day moving average price of $621.38 and a two-hundred day moving average price of $592.34. Chemed Co. has a fifty-two week low of $492.84 and a fifty-two week high of $654.62. The company has a market cap of $8.50 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.31 and a beta of 0.46.

Chemed (NYSE:CHE - Get Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $4.68 EPS for the quarter, missing the consensus estimate of $5.09 by ($0.41). Chemed had a net margin of 12.36% and a return on equity of 30.52%. The firm had revenue of $589.23 million during the quarter, compared to analyst estimates of $587.18 million. On average, analysts expect that Chemed Co. will post 21.72 earnings per share for the current year.

Chemed Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Friday, February 23rd. Chemed's payout ratio is currently 8.61%.

Insider Activity at Chemed

In related news, EVP Spencer S. Lee sold 2,000 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $641.65, for a total transaction of $1,283,300.00. Following the transaction, the executive vice president now owns 20,760 shares in the company, valued at approximately $13,320,654. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Brian C. Judkins sold 11,158 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $645.00, for a total transaction of $7,196,910.00. Following the completion of the sale, the vice president now owns 1,422 shares in the company, valued at $917,190. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Spencer S. Lee sold 2,000 shares of the firm's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $641.65, for a total value of $1,283,300.00. Following the completion of the transaction, the executive vice president now owns 20,760 shares in the company, valued at approximately $13,320,654. The disclosure for this sale can be found here. Insiders sold 15,808 shares of company stock valued at $10,184,531 in the last three months. Corporate insiders own 3.32% of the company's stock.

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.