Company shares are trading at $208.30 slightly over the 50 day moving average of $198.67 and a tad higher than the 200 day moving average of $199.03. The 50 day moving average was up $9.63 whereas the 200 day moving average was up $9.27 or +4.66%. 64K shares changed hands in the last trading session. Shares saw a steep decrease in trading volume of 52.18% under the normal average daily volume.
Traders are a little more bullish on Chemed Corp recently as implied by the change in short interest. The stock realized a fall in short interest of -1.63% as of September 29, 2017 from the last reporting period. Short interest decreased 25,402 over that period. With short interest at 1,532,761 and short average daily volume at 91,071, days to cover is 17.0 and the percentage of shorted shares is 0.10% as of September 29.
Chemed Corp (NYSE:CHE) has been the object of insider selling activity recently. Director Patrick P. Grace sold 500 shares at an average price of $201.48 on Mon the 2nd. That brings the Director’s holdings to $909,682 as recorded in a recent Form 4 SEC filing.
The following firms have recently changed their position in CHE. As of quarter end Tompkins Financial Corp had disposed of a total of 99 shares trimming its stake by 32.4%. The value of the investment in CHE went from $63,000 to $42,000 a change of $21,000 since the last quarter. As of the end of the quarter Rockefeller Financial Services Inc had sold 76,650 shares trimming its position 94.2%. The value of the investment in Chemed Corp decreased from $16,638,000 to $949,000 a change of 94.3% quarter to quarter.
Mutual Of America Capital Management LLC grew its investment by buying 11,459 shares an increase of 100.0%. Mutual Of America Capital Management LLC now controls 22,922 shares valued at $4,631,000. The total value of its holdings increased 97.5%. As of the end of the quarter Shell Asset Management CO had sold a total of 300 shares trimming its holdings by 2.8%. The value of the investment in (CHE) decreased from $2,171,000 to $2,084,000 decreasing 4.0% quarter over quarter.
Equity analyst KeyBanc began coverage setting a rating of “Sector Weight”.
The company is down by 0.90% percent from yesterday’s close. Additionally the company declared a dividend that was paid on Friday the 1st of September 2017. The dividend was $0.280 per share for the quarter which comes to $1.12 on an annualized basis. This dividend represents a yield of $0.54 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 10th of August 2017.
The P/E ratio is 51.67 and the market cap is 3.33B. As of the last earnings report the EPS was $4.03 and is estimated to be $8.21 for the current year with 15,991,000 shares currently outstanding. Next quarter’s EPS is expected be $2.23 and the next full year EPS is anticipated to be $8.84.
Chemed Corporation, launched on April 2, 1970, purchases, operates and divests subsidiaries engaged in various business activities. The Company operates through two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter)..