U.S. Physical Therapy, Inc. (NYSE:USPH) Shares Purchased by Howe & Rusling Inc.

Howe & Rusling Inc. raised its stake in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 22.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,864 shares of the company’s stock after acquiring an additional 893 shares during the quarter. Howe & Rusling Inc.’s holdings in U.S. Physical Therapy were worth $412,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of USPH. Vanguard Group Inc. lifted its stake in shares of U.S. Physical Therapy by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,072,602 shares of the company’s stock worth $121,065,000 after buying an additional 10,175 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of U.S. Physical Therapy by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 423,846 shares of the company’s stock worth $39,173,000 after acquiring an additional 10,462 shares during the period. Envestnet Asset Management Inc. raised its stake in U.S. Physical Therapy by 4.1% during the second quarter. Envestnet Asset Management Inc. now owns 239,982 shares of the company’s stock worth $22,179,000 after purchasing an additional 9,434 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of U.S. Physical Therapy by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 157,052 shares of the company’s stock worth $14,515,000 after buying an additional 5,111 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its position in shares of U.S. Physical Therapy by 1.5% during the 2nd quarter. Bahl & Gaynor Inc. now owns 106,476 shares of the company’s stock valued at $9,841,000 after buying an additional 1,623 shares during the period.

Insider Buying and Selling

In other U.S. Physical Therapy news, Director Kathleen A. Gilmartin purchased 2,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $86.09 per share, for a total transaction of $172,180.00. Following the completion of the purchase, the director now directly owns 18,904 shares in the company, valued at approximately $1,627,445.36. The trade was a 11.83 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nancy Ham sold 1,172 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $96.72, for a total value of $113,355.84. Following the sale, the director now directly owns 1,112 shares in the company, valued at $107,552.64. This represents a 51.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,896 shares of company stock valued at $656,940. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com upgraded U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Barrington Research reiterated an “outperform” rating and set a $108.00 price target on shares of U.S. Physical Therapy in a report on Thursday, November 7th. Finally, Bank of America restated a “neutral” rating and issued a $90.00 price objective (down from $114.00) on shares of U.S. Physical Therapy in a report on Monday, October 7th.

U.S. Physical Therapy Stock Up 3.9 %

Shares of NYSE USPH opened at $94.17 on Thursday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $84.68 and its two-hundred day moving average is $90.85. U.S. Physical Therapy, Inc. has a 52-week low of $76.18 and a 52-week high of $113.63. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 100.18, a PEG ratio of 4.10 and a beta of 1.38.

U.S. Physical Therapy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.76 annualized dividend and a dividend yield of 1.87%. U.S. Physical Therapy’s dividend payout ratio is presently 187.23%.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.