Principal Financial Group Inc. Has $47.51 Million Stock Position in Addus HomeCare Corporation $ADUS

Principal Financial Group Inc. lifted its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 1.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 442,362 shares of the company’s stock after acquiring an additional 6,607 shares during the period. Principal Financial Group Inc.’s holdings in Addus HomeCare were worth $47,505,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Hohimer Wealth Management LLC raised its holdings in shares of Addus HomeCare by 3.4% during the 3rd quarter. Hohimer Wealth Management LLC now owns 2,709 shares of the company’s stock worth $320,000 after buying an additional 88 shares in the last quarter. Amalgamated Bank increased its holdings in Addus HomeCare by 1.8% in the 3rd quarter. Amalgamated Bank now owns 5,240 shares of the company’s stock worth $618,000 after purchasing an additional 93 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Addus HomeCare by 0.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 18,684 shares of the company’s stock worth $2,150,000 after purchasing an additional 106 shares in the last quarter. Private Trust Co. NA increased its holdings in Addus HomeCare by 65.5% in the 4th quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after purchasing an additional 112 shares in the last quarter. Finally, Pathstone Holdings LLC increased its holdings in Addus HomeCare by 0.9% in the 3rd quarter. Pathstone Holdings LLC now owns 12,727 shares of the company’s stock worth $1,502,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADUS shares. Barclays lowered their target price on Addus HomeCare from $112.00 to $102.00 and set an “underweight” rating for the company in a report on Wednesday, March 25th. Citizens Jmp lowered their target price on Addus HomeCare from $150.00 to $142.00 and set a “market outperform” rating for the company in a report on Wednesday. Wall Street Zen cut Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. KeyCorp reaffirmed an “overweight” rating on shares of Addus HomeCare in a report on Wednesday, February 25th. Finally, Stephens lowered their target price on Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.33.

Addus HomeCare Trading Up 2.3%

Shares of ADUS stock opened at $99.57 on Friday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.34 and a beta of 0.92. The stock has a 50-day moving average of $97.85 and a 200-day moving average of $107.39. The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08. Addus HomeCare Corporation has a 1-year low of $90.89 and a 1-year high of $124.43.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. The company had revenue of $363.50 million during the quarter, compared to analysts’ expectations of $366.41 million. Addus HomeCare had a return on equity of 9.80% and a net margin of 6.89%.The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. On average, equities research analysts forecast that Addus HomeCare Corporation will post 6.21 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Sean Gaffney sold 442 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $105.36, for a total value of $46,569.12. Following the completion of the sale, the executive vice president owned 20,080 shares of the company’s stock, valued at approximately $2,115,628.80. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Darby Anderson sold 396 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total value of $41,722.56. Following the completion of the sale, the executive vice president directly owned 46,246 shares of the company’s stock, valued at approximately $4,872,478.56. The trade was a 0.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 16,788 shares of company stock valued at $1,785,633. Corporate insiders own 4.50% 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.