William Allan Corp Purchases 989 Shares of Chemed Co. (NYSE:CHE)

William Allan Corp boosted its holdings in shares of Chemed Co. (NYSE:CHE) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,340 shares of the company’s stock after buying an additional 989 shares during the quarter. Chemed makes up approximately 2.7% of William Allan Corp’s investment portfolio, making the stock its 15th biggest holding. William Allan Corp’s holdings in Chemed were worth $4,418,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. EP Wealth Advisors LLC lifted its stake in shares of Chemed by 1.9% during the third quarter. EP Wealth Advisors LLC now owns 1,354 shares of the company’s stock worth $814,000 after buying an additional 25 shares during the period. Ballentine Partners LLC lifted its position in shares of Chemed by 4.1% during the 3rd quarter. Ballentine Partners LLC now owns 655 shares of the company’s stock valued at $394,000 after buying an additional 26 shares in the last quarter. Creative Planning grew its position in shares of Chemed by 2.8% in the second quarter. Creative Planning now owns 1,228 shares of the company’s stock valued at $667,000 after purchasing an additional 34 shares during the period. First Heartland Consultants Inc. increased its stake in Chemed by 7.2% during the 3rd quarter. First Heartland Consultants Inc. now owns 508 shares of the company’s stock worth $305,000 after buying an additional 34 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its stake in Chemed by 4.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 887 shares of the company’s stock valued at $533,000 after purchasing an additional 38 shares during the last quarter. 95.85% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Brian C. Judkins bought 145 shares of the stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $519.50 per share, with a total value of $75,327.50. Following the completion of the acquisition, the vice president now directly owns 1,678 shares in the company, valued at approximately $871,721. The trade was a 9.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Spencer S. Lee sold 732 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $575.62, for a total value of $421,353.84. Following the completion of the sale, the executive vice president now directly owns 18,287 shares of the company’s stock, valued at $10,526,362.94. This represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.32% of the company’s stock.

Chemed Stock Down 1.5 %

Shares of NYSE CHE opened at $554.31 on Friday. The stock has a market cap of $8.34 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.48. Chemed Co. has a 52-week low of $512.12 and a 52-week high of $654.62. The business has a 50-day moving average price of $543.62 and a 200 day moving average price of $564.38.

Wall Street Analyst Weigh In

CHE has been the subject of a number of recent research reports. StockNews.com upgraded shares of Chemed from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Royal Bank of Canada decreased their price target on shares of Chemed from $697.00 to $633.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th.

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.