Michael D. Wattenbarger Sells 2,045 Shares of Addus HomeCare Co. (NASDAQ:ADUS) Stock

Addus HomeCare Co. (NASDAQ:ADUS - Get Free Report) EVP Michael D. Wattenbarger sold 2,045 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $115.00, for a total transaction of $235,175.00. Following the transaction, the executive vice president now directly owns 7,796 shares in the company, valued at approximately $896,540. This trade represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Addus HomeCare Stock Performance

Shares of ADUS traded up $1.48 during mid-day trading on Tuesday, hitting $112.68. 166,708 shares of the company were exchanged, compared to its average volume of 169,480. Addus HomeCare Co. has a 1-year low of $88.96 and a 1-year high of $136.72. The company has a 50 day moving average of $104.75 and a 200-day moving average of $112.61. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 1.41 and a beta of 0.85.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 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 $337.71 million during the quarter, compared to analysts' expectations of $341.66 million. During the same quarter in the prior year, the company earned $1.21 EPS. Addus HomeCare's revenue was up 20.3% compared to the same quarter last year. Research analysts anticipate that Addus HomeCare Co. will post 4.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ADUS shares. Wall Street Zen lowered shares of Addus HomeCare from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Stephens reaffirmed an "overweight" rating and issued a $142.00 price target on shares of Addus HomeCare in a report on Wednesday, March 12th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price target on shares of Addus HomeCare in a report on Tuesday, April 22nd. Finally, Macquarie lifted their price target on shares of Addus HomeCare from $129.00 to $133.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $142.57.

Institutional Trading of Addus HomeCare

Several hedge funds have recently made changes to their positions in ADUS. Dimensional Fund Advisors LP boosted its position in shares of Addus HomeCare by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 692,713 shares of the company's stock worth $86,833,000 after purchasing an additional 10,434 shares during the period. WCM Investment Management LLC boosted its position in shares of Addus HomeCare by 4.9% during the 1st quarter. WCM Investment Management LLC now owns 494,791 shares of the company's stock worth $48,143,000 after purchasing an additional 23,176 shares during the period. Principal Financial Group Inc. boosted its position in shares of Addus HomeCare by 18.3% during the 1st quarter. Principal Financial Group Inc. now owns 475,818 shares of the company's stock worth $47,054,000 after purchasing an additional 73,720 shares during the period. Wellington Management Group LLP boosted its position in shares of Addus HomeCare by 25.8% during the 1st quarter. Wellington Management Group LLP now owns 471,935 shares of the company's stock worth $46,670,000 after purchasing an additional 96,823 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Addus HomeCare by 19.8% during the 1st quarter. Invesco Ltd. now owns 414,705 shares of the company's stock worth $41,010,000 after purchasing an additional 68,585 shares during the period. Hedge funds and other institutional investors own 95.35% of the company's stock.

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.