Principal Financial Group Inc. Increases Stock Holdings in Addus HomeCare Co. (NASDAQ:ADUS)

Principal Financial Group Inc. boosted its position in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 17.5% during the third quarter, Holdings Channel.com reports. The firm owned 505,853 shares of the company’s stock after buying an additional 75,409 shares during the quarter. Principal Financial Group Inc.’s holdings in Addus HomeCare were worth $67,293,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ADUS. UMB Bank n.a. raised its position in shares of Addus HomeCare by 64.2% during the 2nd quarter. UMB Bank n.a. now owns 225 shares of the company’s stock valued at $26,000 after buying an additional 88 shares during the period. Quarry LP purchased a new stake in Addus HomeCare in the third quarter valued at $28,000. Quest Partners LLC acquired a new position in shares of Addus HomeCare in the 2nd quarter valued at $31,000. Innealta Capital LLC purchased a new position in shares of Addus HomeCare during the 2nd quarter worth $44,000. Finally, Farther Finance Advisors LLC increased its position in shares of Addus HomeCare by 9,150.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 370 shares of the company’s stock worth $49,000 after purchasing an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ADUS shares. KeyCorp started coverage on shares of Addus HomeCare in a research report on Friday, October 11th. They issued an “overweight” rating and a $150.00 target price on the stock. Citizens Jmp upgraded shares of Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. Stephens boosted their target price on Addus HomeCare from $143.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Macquarie restated an “outperform” rating and set a $139.00 price target on shares of Addus HomeCare in a research report on Monday, November 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $136.00 price objective on shares of Addus HomeCare in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $133.67.

Addus HomeCare Trading Up 1.4 %

NASDAQ:ADUS opened at $131.40 on Friday. Addus HomeCare Co. has a 12-month low of $85.94 and a 12-month high of $136.12. The firm has a market cap of $2.38 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 2.11 and a beta of 1.01. The stock has a fifty day moving average price of $125.86 and a 200 day moving average price of $124.99.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.02. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The business had revenue of $289.80 million during the quarter, compared to analysts’ expectations of $289.42 million. During the same quarter last year, the business posted $1.03 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that Addus HomeCare Co. will post 4.59 EPS for the current year.

Insiders Place Their Bets

In other news, CEO R Dirk Allison sold 12,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $123.16, for a total transaction of $1,539,500.00. Following the sale, the chief executive officer now owns 141,897 shares of the company’s stock, valued at approximately $17,476,034.52. This trade represents a 8.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Roberton James Stevenson sold 2,250 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $121.00, for a total value of $272,250.00. Following the completion of the transaction, the executive vice president now directly owns 10,217 shares of the company’s stock, valued at $1,236,257. This trade represents a 18.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Addus HomeCare Company Profile

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company operates through three segments: Personal Care, Hospice, and Home Health.