Boston Partners Purchases 51,116 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

Boston Partners increased its position in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 41.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 173,697 shares of the company’s stock after buying an additional 51,116 shares during the quarter. Boston Partners owned about 0.96% of Addus HomeCare worth $22,032,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Summit Place Financial Advisors LLC increased its stake in Addus HomeCare by 0.9% during the 4th quarter. Summit Place Financial Advisors LLC now owns 9,410 shares of the company’s stock valued at $1,180,000 after purchasing an additional 80 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Addus HomeCare by 0.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,691 shares of the company’s stock worth $1,340,000 after acquiring an additional 91 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Addus HomeCare by 38.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 531 shares of the company’s stock valued at $67,000 after acquiring an additional 148 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Addus HomeCare by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,923 shares of the company’s stock worth $742,000 after purchasing an additional 150 shares during the last quarter. Finally, Heritage Family Offices LLP increased its holdings in Addus HomeCare by 7.5% during the fourth quarter. Heritage Family Offices LLP now owns 2,274 shares of the company’s stock worth $285,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Insiders Place Their Bets

In related news, CEO R Dirk Allison sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total value of $3,119,000.00. Following the completion of the sale, the chief executive officer now owns 79,397 shares in the company, valued at $9,905,569.72. The trade was a 23.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADUS. Macquarie restated an “outperform” rating and issued a $129.00 price objective on shares of Addus HomeCare in a research note on Thursday, February 27th. Stephens reissued an “overweight” rating and set a $142.00 target price on shares of Addus HomeCare in a report on Wednesday, March 12th. Citizens Jmp raised Addus HomeCare to a “strong-buy” rating in a report on Monday, December 16th. StockNews.com lowered Addus HomeCare from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, JMP Securities started coverage on Addus HomeCare in a research note on Monday, December 16th. They issued an “outperform” rating and a $150.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.78.

Addus HomeCare Trading Down 0.4 %

Shares of NASDAQ ADUS opened at $90.90 on Friday. The business has a 50-day moving average of $112.54 and a 200-day moving average of $122.17. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.41 and a beta of 0.97. Addus HomeCare Co. has a 12 month low of $87.88 and a 12 month high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, February 24th. The company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.09). Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The company had revenue of $297.14 million for the quarter, compared to analysts’ expectations of $291.04 million. On average, analysts predict that Addus HomeCare Co. will post 4.59 earnings per share for the current year.

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.