Maven Securities LTD Purchases 57,228 Shares of ADT Inc. $ADT

Key Points

• Maven Securities LTD increased its holdings in ADT Inc. by 114.5%, owning 107,228 shares valued at $873,000 after purchasing an additional 57,228 shares in the first quarter.
• ADT reported quarterly earnings of $0.23 EPS, beating expectations by $0.04, with revenue rising 6.8% year-over-year to $1.29 billion.
• A quarterly dividend of $0.055 per share has been declared, resulting in a 2.5% yield, payable on October 2nd, 2023.

Maven Securities LTD increased its holdings in ADT Inc. (NYSE:ADT - Free Report) by 114.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,228 shares of the security and automation business's stock after purchasing an additional 57,228 shares during the period. Maven Securities LTD's holdings in ADT were worth $873,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in ADT by 366.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business's stock worth $606,000 after purchasing an additional 58,292 shares during the last quarter. Amalgamated Bank increased its position in ADT by 36.8% in the first quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business's stock worth $160,000 after purchasing an additional 5,287 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in ADT by 93.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business's stock worth $1,732,000 after purchasing an additional 102,538 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in ADT by 11.1% during the first quarter. Bank of New York Mellon Corp now owns 6,072,596 shares of the security and automation business's stock worth $49,431,000 after buying an additional 608,445 shares during the period. Finally, Captrust Financial Advisors boosted its stake in ADT by 133.1% during the fourth quarter. Captrust Financial Advisors now owns 55,356 shares of the security and automation business's stock worth $383,000 after buying an additional 31,610 shares during the period. Institutional investors own 87.22% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. This represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ADT has been the subject of several recent analyst reports. Wall Street Zen lowered shares of ADT from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Zacks Research raised shares of ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, 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 note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $9.18.

ADT Stock Up 1.9%

NYSE:ADT traded up $0.1650 during mid-day trading on Friday, reaching $8.8050. The company's stock had a trading volume of 7,939,038 shares, compared to its average volume of 13,425,501. ADT Inc. has a 1 year low of $6.68 and a 1 year high of $8.86. The stock has a fifty day moving average of $8.46 and a 200-day moving average of $8.13. The firm has a market capitalization of $7.32 billion, a PE ratio of 13.34 and a beta of 1.20. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm earned $0.17 earnings per share. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Equities research analysts forecast 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 will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.055 dividend. 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 2.5%. ADT's dividend payout ratio is 33.33%.

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.