Beacon Pointe Advisors LLC Sells 122,730 Shares of ADT Inc. (NYSE:ADT)

Beacon Pointe Advisors LLC lowered its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,529 shares of the security and automation business's stock after selling 122,730 shares during the quarter. Beacon Pointe Advisors LLC's holdings in ADT were worth $847,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ADT. Quarry LP bought a new position in shares of ADT during the 4th quarter valued at approximately $80,000. Aquatic Capital Management LLC grew its holdings in ADT by 264.2% during the fourth quarter. Aquatic Capital Management LLC now owns 203,944 shares of the security and automation business's stock valued at $1,409,000 after purchasing an additional 147,944 shares during the period. Boothbay Fund Management LLC purchased a new stake in ADT in the fourth quarter worth $100,000. Nebula Research & Development LLC bought a new stake in shares of ADT in the fourth quarter valued at $1,676,000. Finally, Voya Investment Management LLC lifted its position in shares of ADT by 453.5% during the 4th quarter. Voya Investment Management LLC now owns 513,160 shares of the security and automation business's stock valued at $3,546,000 after buying an additional 420,453 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada restated a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a research note on Monday, April 21st. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $7.00 to $9.00 in a research note on Friday, April 4th.

ADT Trading Up 1.6 %

Shares of ADT opened at $8.14 on Friday. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.39. The stock has a market cap of $7.13 billion, a PE ratio of 8.85 and a beta of 1.29. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The business's 50-day moving average price is $7.86 and its 200-day moving average price is $7.52.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.25 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. On average, equities analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's payout ratio is 37.93%.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.

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