227,600 Shares in ADT Inc. (NYSE:ADT) Purchased by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp acquired a new stake in ADT Inc., buying 227,600 shares valued at approximately $1.85 million in the first quarter.
• Major shareholder Apollo Management Holdings sold 71 million shares at an average price of $8.31, which represents a 38.66% decrease in their position.
• ADT recently declared a quarterly dividend of $0.055 per share, with the annualized dividend yield estimated at 2.6%.

Alberta Investment Management Corp purchased a new position in ADT Inc. (NYSE:ADT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 227,600 shares of the security and automation business's stock, valued at approximately $1,853,000.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in shares of ADT during the first quarter worth approximately $35,000. True Wealth Design LLC acquired a new position in ADT during the fourth quarter valued at $36,000. Headlands Technologies LLC acquired a new position in ADT during the fourth quarter valued at $62,000. Federated Hermes Inc. increased its holdings in ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after buying an additional 1,449 shares in the last quarter. Finally, Northwest Wealth Management LLC purchased a new stake in shares of ADT during the first quarter worth about $87,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

Insider Buying and Selling at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 166,000,000 shares of company stock worth $1,363,160,000 over the last three months. 2.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ADT. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $9.00 target price on shares of ADT in a report on Monday, April 21st. Morgan Stanley set a $9.50 price objective on shares of ADT and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Wall Street Zen lowered shares of ADT from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $9.18.

ADT Stock Down 0.6%

Shares of NYSE ADT traded down $0.05 during mid-day trading on Tuesday, reaching $8.40. The company had a trading volume of 12,582,054 shares, compared to its average volume of 13,685,939. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 12.73 and a beta of 1.20. The stock has a fifty day moving average of $8.38 and a two-hundred day moving average of $8.03. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. ADT Inc. has a 12-month low of $6.68 and a 12-month high of $8.80.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. As a group, equities research analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.6%. ADT's dividend payout ratio (DPR) is currently 33.33%.

ADT Profile

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.