Bahl & Gaynor LLC Buys 27,691 Shares of U.S. Physical Therapy, Inc. $USPH

Bahl & Gaynor LLC grew its stake in U.S. Physical Therapy, Inc. (NYSE:USPH) by 3.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 889,265 shares of the company’s stock after buying an additional 27,691 shares during the period. Bahl & Gaynor LLC owned approximately 0.06% of U.S. Physical Therapy worth $76,237,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in USPH. BlackRock Inc. acquired a new position in shares of U.S. Physical Therapy in the second quarter worth approximately $155,505,000. Copeland Capital Management LLC raised its holdings in U.S. Physical Therapy by 11.8% during the 3rd quarter. Copeland Capital Management LLC now owns 940,528 shares of the company’s stock worth $80,632,000 after purchasing an additional 98,984 shares during the last quarter. Bank of America Corp DE raised its holdings in U.S. Physical Therapy by 10.9% during the 1st quarter. Bank of America Corp DE now owns 554,621 shares of the company’s stock worth $41,574,000 after purchasing an additional 54,656 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in U.S. Physical Therapy by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 507,394 shares of the company’s stock worth $38,035,000 after purchasing an additional 15,668 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of U.S. Physical Therapy in the 2nd quarter worth approximately $30,013,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barrington Research upped their price objective on shares of U.S. Physical Therapy from $98.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, November 6th. JPMorgan Chase & Co. lifted their target price on shares of U.S. Physical Therapy from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, September 11th. Citigroup restated a “market outperform” rating on shares of U.S. Physical Therapy in a report on Wednesday, August 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of U.S. Physical Therapy in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $101.25.

U.S. Physical Therapy Trading Down 0.5%

Shares of USPH stock opened at $99.38 on Wednesday. The company has a market cap of $1.48 billion, a P/E ratio of -73.62, a PEG ratio of 2.75 and a beta of 1.16. The stock has a 50 day simple moving average of $85.06 and a two-hundred day simple moving average of $77.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.42. U.S. Physical Therapy, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $101.18.

U.S. Physical Therapy (NYSE:USPH) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The firm had revenue of $222.56 million for the quarter, compared to analyst estimates of $214.48 million. U.S. Physical Therapy had a return on equity of 10.19% and a net margin of 3.60%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 earnings per share. Research analysts forecast that U.S. Physical Therapy, Inc. will post 2.87 earnings per share for the current year.

U.S. Physical Therapy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Monday, November 16th will be paid a $0.46 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.9%. U.S. Physical Therapy’s payout ratio is currently -136.30%.

U.S. Physical Therapy Profile

U.S. Physical Therapy, Inc. operates outpatient physical and occupational therapy clinics across the United States. Its clinics provide rehabilitation for musculoskeletal conditions, orthopedic injuries, sports-related injuries and recovery following surgery, along with other therapy services tailored to patients’ needs. Founded in 1990 and headquartered in Houston, Texas, the company also provides industrial injury prevention and related services to employers. Its clinic network serves communities in multiple states, with care delivered through local therapy practices.