U.S. Physical Therapy, Inc. $USPH Stock Holdings Boosted by M&T Bank Corp

Key Points

• M&T Bank Corp increased its stake in U.S. Physical Therapy by 172.7% in Q4 to 28,676 shares (about $2,239,000, or 0.19% of the company), while several other institutions (William Blair, American Century, Bahl & Gaynor, Bank of America, 4D Advisors) also initiated or enlarged positions.
• U.S. Physical Therapy reported Q4 EPS $0.67 (in line with estimates) and revenue of $202.73M (+12.3% YoY); the company has a market cap of about $1.10B and a P/E of 51.1.
• The board raised the quarterly dividend to $0.46 (annualized $1.84, yield 2.5%), though the dividend payout ratio is a high 129.58%, and analysts maintain a consensus "Moderate Buy" with a $101.67 target price.

M&T Bank Corp lifted its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH - Free Report) by 172.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,676 shares of the company's stock after acquiring an additional 18,159 shares during the period. M&T Bank Corp owned 0.19% of U.S. Physical Therapy worth $2,239,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. William Blair Investment Management LLC acquired a new stake in U.S. Physical Therapy in the third quarter worth about $29,381,000. American Century Companies Inc. acquired a new stake in U.S. Physical Therapy in the third quarter worth about $21,940,000. Bahl & Gaynor Inc. lifted its holdings in U.S. Physical Therapy by 47.6% in the third quarter. Bahl & Gaynor Inc. now owns 474,688 shares of the company's stock worth $40,325,000 after purchasing an additional 153,054 shares during the period. Bank of America Corp DE lifted its holdings in U.S. Physical Therapy by 77.2% in the third quarter. Bank of America Corp DE now owns 317,200 shares of the company's stock worth $26,946,000 after purchasing an additional 138,194 shares during the period. Finally, 4D Advisors LLC acquired a new stake in U.S. Physical Therapy in the third quarter worth about $9,344,000.

Insider Transactions at U.S. Physical Therapy

In other U.S. Physical Therapy news, COO Graham D. Reeve sold 662 shares of the company's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $78.86, for a total value of $52,205.32. Following the completion of the sale, the chief operating officer directly owned 30,078 shares of the company's stock, valued at approximately $2,371,951.08. This represents a 2.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Binstein sold 3,000 shares of the company's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $81.64, for a total transaction of $244,920.00. Following the completion of the sale, the executive vice president directly owned 24,867 shares of the company's stock, valued at $2,030,141.88. The trade was a 10.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is currently owned by corporate insiders.

U.S. Physical Therapy Price Performance

Shares of NYSE USPH opened at $72.56 on Wednesday. U.S. Physical Therapy, Inc. has a twelve month low of $66.67 and a twelve month high of $93.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 1.94 and a beta of 1.35. The firm has a 50-day moving average of $77.76 and a two-hundred day moving average of $80.25.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.67 earnings per share for the quarter, meeting analysts' consensus estimates of $0.67. U.S. Physical Therapy had a net margin of 5.07% and a return on equity of 8.75%. The company had revenue of $202.73 million during the quarter, compared to the consensus estimate of $200.10 million. During the same period in the prior year, the company earned $0.51 EPS. U.S. Physical Therapy's revenue was up 12.3% on a year-over-year basis. As a group, analysts expect that U.S. Physical Therapy, Inc. will post 2.87 earnings per share for the current fiscal year.

U.S. Physical Therapy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 13th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from U.S. Physical Therapy's previous quarterly dividend of $0.45. U.S. Physical Therapy's dividend payout ratio is currently 129.58%.

Wall Street Analysts Forecast Growth

USPH has been the subject of several research analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $103.00 price objective on shares of U.S. Physical Therapy in a report on Friday, February 20th. Jefferies Financial Group raised shares of U.S. Physical Therapy to a "strong-buy" rating in a report on Thursday, March 12th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of U.S. Physical Therapy in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.67.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc NYSE: USPH is a leading owner and operator of outpatient physical therapy clinics across the United States. The company delivers rehabilitative care to patients recovering from orthopedic injuries, neurological disorders and chronic conditions. Its core services include one-on-one physical therapy sessions, aquatic therapy, occupational therapy, massage therapy and sports medicine programs designed to restore mobility and enhance quality of life.

In addition to traditional rehabilitation services, U.S.

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