Public Employees Retirement System of Ohio Purchases 4,411 Shares of Addus HomeCare Corporation $ADUS

Public Employees Retirement System of Ohio boosted its position in Addus HomeCare Corporation (NASDAQ:ADUS) by 8.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,053 shares of the company’s stock after buying an additional 4,411 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.31% of Addus HomeCare worth $5,343,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Keebeck Wealth Management raised its position in shares of Addus HomeCare by 9.7% in the 1st quarter. Keebeck Wealth Management now owns 3,948 shares of the company’s stock worth $370,000 after acquiring an additional 350 shares in the last quarter. Sei Investments Co. grew its stake in Addus HomeCare by 24.4% during the first quarter. Sei Investments Co. now owns 42,486 shares of the company’s stock worth $3,979,000 after purchasing an additional 8,332 shares during the period. PNC Financial Services Group Inc. grew its stake in Addus HomeCare by 19.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,807 shares of the company’s stock worth $263,000 after purchasing an additional 458 shares during the period. Dimensional Fund Advisors LP increased its holdings in Addus HomeCare by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 744,127 shares of the company’s stock worth $69,689,000 after purchasing an additional 78,415 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Addus HomeCare by 66.3% in the first quarter. Parallel Advisors LLC now owns 404 shares of the company’s stock valued at $38,000 after buying an additional 161 shares during the period. Institutional investors own 95.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ADUS shares. Barclays increased their price target on Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a report on Wednesday, July 8th. Citizens Jmp reiterated a “market outperform” rating and set a $142.00 target price on shares of Addus HomeCare in a research report on Monday, May 18th. Weiss Ratings raised shares of Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Finally, Citigroup restated a “market outperform” rating on shares of Addus HomeCare in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

Addus HomeCare Stock Performance

Shares of ADUS stock opened at $119.13 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $100.75 and a two-hundred day simple moving average of $101.32. Addus HomeCare Corporation has a 12 month low of $87.95 and a 12 month high of $124.43. The firm has a market capitalization of $2.22 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. The firm had revenue of $363.50 million for 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%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.42 earnings per share. Analysts forecast that Addus HomeCare Corporation will post 6.24 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Heather Brianne Dixon sold 288 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $93.77, for a total value of $27,005.76. Following the transaction, the insider owned 44,371 shares of the company’s stock, valued at approximately $4,160,668.67. This trade represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 788 shares of company stock valued at $73,506. 4.10% of the stock is currently owned by company insiders.

About Addus HomeCare

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.