ADT Inc. $ADT Stake Cut by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA reduced its stake in ADT Inc. by 48.0%, now owning 67,599 shares valued at $550,000 after selling 62,370 shares.
• Other institutional investors, including Millennium Management LLC and AQR Capital Management LLC, significantly increased their positions in ADT, with Millennium growing its stake by 668.5%.
• ADT's stock performance has been mixed, with a recent price of $8.69, a 1.5% decline, but the company achieved quarterly earnings of $0.23 per share, exceeding estimates.

Petrus Trust Company LTA lowered its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 48.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,599 shares of the security and automation business's stock after selling 62,370 shares during the quarter. Petrus Trust Company LTA's holdings in ADT were worth $550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ADT. NewEdge Advisors LLC increased its position in ADT by 503.0% during the 1st quarter. NewEdge Advisors LLC now owns 13,279 shares of the security and automation business's stock worth $108,000 after purchasing an additional 11,077 shares in the last quarter. Millennium Management LLC increased its position in ADT by 668.5% during the 1st quarter. Millennium Management LLC now owns 7,504,051 shares of the security and automation business's stock worth $61,083,000 after purchasing an additional 6,527,539 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ADT by 7.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 923,016 shares of the security and automation business's stock worth $7,513,000 after purchasing an additional 65,565 shares in the last quarter. Bosun Asset Management LLC acquired a new stake in ADT during the 1st quarter worth approximately $726,000. Finally, AQR Capital Management LLC increased its position in ADT by 86.6% during the 1st quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business's stock worth $105,543,000 after purchasing an additional 6,089,671 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

Insider Activity at ADT

In related 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 stock was sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the transaction, the insider directly owned 112,650,366 shares in the company, valued at $936,124,541.46. This trade represents a 38.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ADT shares. Morgan Stanley increased 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. Zacks Research raised shares of ADT to a "strong-buy" rating in a research report on Tuesday, August 12th. Citigroup increased 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, Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, ADT has a consensus rating of "Moderate Buy" and an average price target of $9.34.

ADT Stock Down 0.2%

Shares of ADT stock traded down $0.02 on Friday, hitting $8.84. 2,595,256 shares of the company's stock traded hands, compared to its average volume of 14,494,793. The stock has a market cap of $7.34 billion, a P/E ratio of 13.39 and a beta of 1.13. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The firm's 50-day moving average is $8.56 and its 200 day moving average is $8.24. ADT Inc. has a 52-week low of $6.68 and a 52-week high of $8.89.

ADT (NYSE:ADT - Get Free Report) last released its earnings results 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. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. ADT had a return on equity of 18.58% and a net margin of 12.30%.The business's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Equities analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

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

ADT Company 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.