Ranger Investment Management L.P. Has $17.91 Million Holdings in Chemed Corporation $CHE

Ranger Investment Management L.P. decreased its position in Chemed Corporation (NYSE:CHE) by 32.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,005 shares of the company’s stock after selling 19,500 shares during the quarter. Ranger Investment Management L.P. owned about 0.27% of Chemed worth $17,912,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in Chemed by 69.3% in the 2nd quarter. Acadian Asset Management LLC now owns 250,722 shares of the company’s stock valued at $122,056,000 after buying an additional 102,597 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of Chemed by 0.4% in the second quarter. Boston Trust Walden Corp now owns 247,434 shares of the company’s stock valued at $120,483,000 after acquiring an additional 1,083 shares during the period. AQR Capital Management LLC grew its stake in shares of Chemed by 160.9% in the second quarter. AQR Capital Management LLC now owns 201,041 shares of the company’s stock valued at $97,893,000 after acquiring an additional 123,982 shares in the last quarter. Norges Bank bought a new position in Chemed during the second quarter worth about $89,388,000. Finally, Van Berkom & Associates Inc. raised its stake in Chemed by 33.0% in the 3rd quarter. Van Berkom & Associates Inc. now owns 170,813 shares of the company’s stock worth $76,480,000 after purchasing an additional 42,390 shares in the last quarter. Institutional investors own 95.85% of the company’s stock.

Analysts Set New Price Targets

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

Chemed Price Performance

Shares of CHE opened at $450.82 on Friday. The firm has a 50 day simple moving average of $436.64 and a two-hundred day simple moving average of $442.07. Chemed Corporation has a one year low of $408.42 and a one year high of $623.60. The company has a market cap of $6.38 billion, a P/E ratio of 23.85, a P/E/G ratio of 2.16 and a beta of 0.44.

Insider Buying and Selling

In other news, CEO Kevin J. Mcnamara sold 2,000 shares of the 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 completion of the transaction, the chief executive officer owned 94,197 shares of the company’s stock, valued at approximately $41,215,897.35. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.29% of the company’s stock.

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.