30,864 Shares in ADT Inc. (NYSE:ADT) Bought by Atlas Capital Advisors Inc.

Key Points

• Atlas Capital Advisors Inc. acquired 30,864 shares of ADT Inc. valued at approximately $251,000, marking its entry into the security and automation market.
• Major shareholder Apollo Management Holdings sold 71 million shares of ADT, representing a 38.66% decrease in their position, and insiders have sold a total of 166 million shares worth $1.36 billion in recent months.
• ADT reported a net margin of 12.30% and a year-over-year revenue increase of 6.8%, with a quarterly EPS of $0.23 surpassing analyst expectations.

Atlas Capital Advisors Inc. acquired a new position in ADT Inc. (NYSE:ADT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,864 shares of the security and automation business's stock, valued at approximately $251,000.

Other hedge funds also recently added to or reduced their stakes in the company. Forum Financial Management LP grew its position in ADT by 5.2% in the 1st quarter. Forum Financial Management LP now owns 29,446 shares of the security and automation business's stock worth $240,000 after purchasing an additional 1,445 shares during the period. Federated Hermes Inc. grew its position in ADT by 15.8% in the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after purchasing an additional 1,449 shares during the period. Robeco Institutional Asset Management B.V. grew its position in ADT by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business's stock worth $356,000 after purchasing an additional 1,769 shares during the period. State of Wyoming grew its position in ADT by 5.0% in the 4th quarter. State of Wyoming now owns 43,661 shares of the security and automation business's stock worth $302,000 after purchasing an additional 2,092 shares during the period. Finally, Wells Fargo & Company MN grew its position in ADT by 6.3% in the 4th quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock worth $248,000 after purchasing an additional 2,113 shares during the period. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADT shares. Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley lifted their target price 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. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, ADT has an average rating of "Hold" and a consensus target price of $9.18.

Insider Buying and Selling

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

ADT Price Performance

Shares of ADT traded up $0.06 during trading hours on Wednesday, reaching $8.57. 346,414 shares of the stock traded hands, compared to its average volume of 15,101,004. 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 52-week low of $6.68 and a 52-week high of $8.80. The company's 50-day moving average price is $8.39 and its two-hundred day moving average price is $8.07. The company has a market cap of $7.12 billion, a P/E ratio of 12.99 and a beta of 1.20.

ADT (NYSE:ADT - Get Free Report) last announced its 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 analysts' expectations of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The business's revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. On average, analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given 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 yield of 2.6%. ADT's dividend payout ratio is presently 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.