Addus HomeCare (NASDAQ:ADUS) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Addus HomeCare (NASDAQ:ADUS) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Several other research firms have also recently weighed in on ADUS. Stephens cut their price objective on Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Addus HomeCare in a research report on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $139.00 target price on shares of Addus HomeCare in a research note on Wednesday, February 25th. KeyCorp reaffirmed an “overweight” rating on shares of Addus HomeCare in a research note on Wednesday, February 25th. Finally, Truist Financial set a $135.00 price objective on Addus HomeCare and gave the stock a “buy” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.33.

Addus HomeCare Stock Up 0.5%

Shares of Addus HomeCare stock opened at $99.78 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.80 and a current ratio of 1.80. Addus HomeCare has a 52-week low of $89.75 and a 52-week high of $124.43. The company’s 50 day moving average price is $106.67 and its 200-day moving average price is $111.49. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.38 and a beta of 0.92.

Insider Activity

In other Addus HomeCare news, CEO R Dirk Allison sold 4,988 shares of Addus HomeCare stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $106.98, for a total value of $533,616.24. Following the completion of the transaction, the chief executive officer directly owned 185,514 shares of the company’s stock, valued at approximately $19,846,287.72. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David W. Tucker sold 704 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $107.35, for a total transaction of $75,574.40. Following the completion of the transaction, the executive vice president owned 10,802 shares in the company, valued at approximately $1,159,594.70. This represents a 6.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 16,610 shares of company stock valued at $1,768,970. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Addus HomeCare

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors increased its holdings in shares of Addus HomeCare by 22.3% in the 4th quarter. Capital Research Global Investors now owns 1,469,752 shares of the company’s stock worth $157,837,000 after purchasing an additional 268,192 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Addus HomeCare by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,308,605 shares of the company’s stock valued at $140,531,000 after purchasing an additional 10,501 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Addus HomeCare by 0.8% during the third quarter. Wasatch Advisors LP now owns 936,243 shares of the company’s stock valued at $110,467,000 after buying an additional 7,089 shares during the last quarter. State Street Corp boosted its position in shares of Addus HomeCare by 0.9% during the fourth quarter. State Street Corp now owns 702,229 shares of the company’s stock valued at $75,412,000 after buying an additional 6,561 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Addus HomeCare by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 667,256 shares of the company’s stock worth $78,729,000 after purchasing an additional 7,884 shares during the last quarter. Institutional investors own 95.35% of the company’s stock.

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.