Principal Financial Group Inc. Cuts Stake in Addus HomeCare Corporation $ADUS

Principal Financial Group Inc. lowered its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 1.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 434,471 shares of the company’s stock after selling 7,891 shares during the period. Principal Financial Group Inc. owned about 2.33% of Addus HomeCare worth $40,688,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ADUS. Global Retirement Partners LLC lifted its stake in Addus HomeCare by 395.7% in the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock worth $25,000 after purchasing an additional 186 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Addus HomeCare by 133.3% during the third quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after buying an additional 136 shares during the last quarter. Acumen Wealth Advisors LLC bought a new position in shares of Addus HomeCare during the fourth quarter valued at about $29,000. Private Trust Co. NA increased its holdings in shares of Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after buying an additional 112 shares during the period. Finally, Arax Advisory Partners increased its holdings in shares of Addus HomeCare by 95.8% in the fourth quarter. Arax Advisory Partners now owns 280 shares of the company’s stock worth $30,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Addus HomeCare Price Performance

ADUS stock opened at $114.52 on Friday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 1.57 and a beta of 0.88. The firm’s 50-day moving average price is $97.48 and its two-hundred day moving average price is $101.10. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.08. Addus HomeCare Corporation has a 12-month low of $87.95 and a 12-month high of $124.43.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. The company had revenue of $363.50 million during the quarter, compared to analyst estimates of $366.41 million. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. Addus HomeCare’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 earnings per share. As a group, equities analysts predict that Addus HomeCare Corporation will post 6.24 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ADUS shares. Wall Street Zen cut Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Citizens Jmp reaffirmed a “market outperform” rating and issued a $142.00 price target on shares of Addus HomeCare in a research note on Monday, May 18th. Barclays boosted their price objective on Addus HomeCare from $92.00 to $96.00 and gave the company an “underweight” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings raised Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $131.50.

Insider Buying and Selling

In other Addus HomeCare news, insider Heather Brianne Dixon sold 288 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $93.77, for a total value of $27,005.76. Following the completion of the sale, the insider owned 44,371 shares in the company, valued at approximately $4,160,668.67. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 966 shares of company stock worth $90,168. Corporate insiders own 4.10% of the company’s stock.

Addus HomeCare Profile

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.