Today Chemed Corporation (CHE) Stock Reaches Record High

April 16, 2018 - By Louis Casey

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.08, from 1.04 in 2017Q3. It turned negative, as 18 investors sold Chemed Corporation shares while 94 reduced holdings. 49 funds opened positions while 58 raised stakes. 14.86 million shares or 3.45% less from 15.40 million shares in 2017Q3 were reported.
Parametrica Management Limited holds 1,587 shares. Private Na reported 2,176 shares. Amer Int Grp has 12,539 shares. 2,967 were accumulated by Gam Holding Ag. Great Lakes Advsrs Ltd Liability Corporation has invested 0.12% in Chemed Corporation (NYSE:CHE). Legal And General Gp Public Ltd Company holds 0.01% of its portfolio in Chemed Corporation (NYSE:CHE) for 33,320 shares. Swiss Fincl Bank holds 0.01% of its portfolio in Chemed Corporation (NYSE:CHE) for 27,200 shares. 9 are held by Northwestern Mutual Wealth Mgmt Communication. Sawgrass Asset Limited Liability Corp accumulated 0.03% or 2,305 shares. Parametric Port Assocs Ltd Llc holds 0.02% of its portfolio in Chemed Corporation (NYSE:CHE) for 82,274 shares. Johnson Inv Counsel Inc has 2,275 shares for 0.01% of their portfolio. Fiera Capital Corp owns 44,297 shares or 0.05% of their US portfolio. Teacher Retirement Sys Of Texas holds 5,497 shares. Fuller Thaler Asset owns 0.03% invested in Chemed Corporation (NYSE:CHE) for 8,900 shares. California State Teachers Retirement Systems has invested 0.01% of its portfolio in Chemed Corporation (NYSE:CHE).

Since October 30, 2017, it had 0 buys, and 5 selling transactions for $4.34 million activity. MCNAMARA KEVIN J had sold 6,000 shares worth $1.55 million on Thursday, March 1. Dallob Naomi C had sold 750 shares worth $166,568.

The stock of Chemed Corporation (NYSE:CHE) reached all time high today, Apr, 16 and still has $303.74 target or 6.00 % above today’s $286.55 share price. This indicates more upside for the $4.57B company. This technical setup was reported by Barchart.com. If the $303.74 PT is reached, the company will be worth $274.08M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.25% or $3.53 during the last trading session, reaching $286.55. About 11,607 shares traded. Chemed Corporation (NYSE:CHE) has risen 48.33% since April 16, 2017 and is uptrending. It has outperformed by 36.78% the S&P500.

Chemed Corporation (NYSE:CHE) Ratings Coverage

Among 3 analysts covering Chemed (NYSE:CHE), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Chemed had 3 analyst reports since October 26, 2017 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Friday, February 16 report. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, October 26. The firm has “Outperform” rating by Oppenheimer given on Friday, October 27.

Chemed Corporation provides hospice and palliative care services in the United States. The company has market cap of $4.57 billion. It operates through two divisions, VITAS and Roto-Rooter. It has a 48.9 P/E ratio. The firm offers its services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers.

Chemed Corporation (NYSE:CHE) Institutional Positions Chart

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