111 Capital Takes Position in ADT Inc. $ADT

Key Points

• 111 Capital has acquired a new stake in ADT Inc., purchasing 63,520 shares valued at approximately $538,000 in the second quarter.
• ADT's recent quarterly earnings report revealed an EPS of $0.23, surpassing analysts' expectations of $0.19, along with a revenue of $1.29 billion.
• Despite the positive earnings, several analysts have downgraded ADT's stock rating recently, with a consensus rating of "Hold" and a price target of $9.34.

111 Capital purchased a new stake in ADT Inc. (NYSE:ADT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 63,520 shares of the security and automation business's stock, valued at approximately $538,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of ADT by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business's stock worth $27,000 after buying an additional 1,329 shares during the last quarter. AlphaQuest LLC grew its position in shares of ADT by 80.9% in the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock worth $43,000 after buying an additional 2,370 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of ADT in the 1st quarter worth approximately $74,000. Northwest Wealth Management LLC purchased a new position in shares of ADT in the 1st quarter worth approximately $87,000. Finally, Belpointe Asset Management LLC purchased a new position in shares of ADT in the 1st quarter worth approximately $92,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

ADT Stock Performance

Shares of NYSE ADT opened at $8.80 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. ADT Inc. has a 12 month low of $6.68 and a 12 month high of $8.94. The company has a 50 day simple moving average of $8.63 and a two-hundred day simple moving average of $8.37. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 13.33 and a beta of 1.05.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the business posted $0.17 EPS. The business's quarterly revenue was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, September 11th. ADT's payout ratio is presently 33.33%.

Insider Buying and Selling

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the sale, the insider directly owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 28th. Morgan Stanley lifted their price objective on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Weiss Ratings reissued a "buy (b)" rating on shares of ADT in a research report on Saturday, September 27th. Citigroup boosted their target price on shares of ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Finally, Zacks Research downgraded shares of ADT from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, ADT presently has a consensus rating of "Hold" and a consensus price target of $9.34.

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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