ADT Inc. $ADT is Apollo Management Holdings L.P.'s Largest Position

Key Points

• Apollo Management Holdings L.P. reduced its stake in ADT Inc. by 22.4%, now owning approximately 33.31% of the company after selling 80,500,000 shares.
• Analysts have recently issued favorable ratings for ADT, with Citigroup raising its price target to $10.00 and Zacks Research upgrading the stock to a "strong-buy" rating.
• ADT declared a quarterly dividend of $0.055 per share, representing an annualized yield of 2.5% for shareholders of record on September 11th.

Apollo Management Holdings L.P. trimmed its holdings in ADT Inc. (NYSE:ADT - Free Report) by 22.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 278,650,366 shares of the security and automation business's stock after selling 80,500,000 shares during the quarter. ADT comprises approximately 42.8% of Apollo Management Holdings L.P.'s portfolio, making the stock its biggest position. Apollo Management Holdings L.P. owned about 33.31% of ADT worth $2,268,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Versant Capital Management Inc bought a new stake in shares of ADT in the first quarter worth approximately $35,000. True Wealth Design LLC bought a new stake in ADT in the 4th quarter worth approximately $36,000. AlphaQuest LLC raised its stake in ADT by 80.9% during the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock valued at $43,000 after buying an additional 2,370 shares during the last quarter. Northwest Wealth Management LLC bought a new position in shares of ADT during the 1st quarter valued at $87,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of ADT in the 4th quarter worth $88,000. Institutional investors own 87.22% of the company's stock.

ADT Price Performance

ADT stock traded down $0.14 during mid-day trading on Friday, hitting $8.69. The stock had a trading volume of 19,526,477 shares, compared to its average volume of 9,062,333. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The firm's 50 day moving average is $8.54 and its 200 day moving average is $8.21. The firm has a market capitalization of $7.22 billion, a P/E ratio of 13.16 and a beta of 1.13. ADT Inc. has a one year low of $6.68 and a one year high of $8.89.

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 return on equity of 18.58% and a net margin of 12.30%.The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.17 earnings per share. The business's revenue was up 6.8% on a year-over-year basis. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. On average, sell-side analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 11th. ADT's dividend payout ratio (DPR) is 33.33%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley raised their target price on ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Zacks Research raised shares of ADT to a "strong-buy" rating in a report on Tuesday, August 12th. Citigroup lifted their price target on shares of ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen lowered ADT from a "strong-buy" rating to a "buy" rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $9.34.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business'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 transaction, the insider owned 112,650,366 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by insiders.

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.