Allspring Global Investments Holdings LLC Boosts Stock Holdings in ADT Inc. (NYSE:ADT)

Allspring Global Investments Holdings LLC raised its position in ADT Inc. (NYSE:ADT - Free Report) by 366.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,204 shares of the security and automation business's stock after purchasing an additional 58,292 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in ADT were worth $606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in ADT by 20.6% in the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock valued at $307,876,000 after purchasing an additional 7,610,709 shares during the period. Norges Bank purchased a new stake in ADT in the fourth quarter valued at approximately $153,824,000. Dimensional Fund Advisors LP grew its stake in shares of ADT by 31.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business's stock worth $148,246,000 after acquiring an additional 5,089,056 shares in the last quarter. LSV Asset Management grew its stake in shares of ADT by 5.1% in the fourth quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business's stock worth $74,927,000 after acquiring an additional 523,333 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in shares of ADT in the fourth quarter worth $48,687,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on ADT. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank Of Canada restated a "sector perform" rating and issued a $9.00 price target on shares of ADT in a research note on Monday, April 21st.

Insider Activity at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $8.27, for a total value of $372,150,000.00. Following the completion of the sale, the insider directly owned 183,650,366 shares of the company's stock, valued at approximately $1,518,788,526.82. This represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

ADT Stock Down 0.6%

Shares of ADT stock traded down $0.05 on Friday, reaching $8.50. 9,265,125 shares of the stock were exchanged, compared to its average volume of 10,700,863. The company has a current ratio of 0.77, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. The business's 50 day moving average price is $8.35 and its 200 day moving average price is $7.86. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 14.66 and a beta of 1.21. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.72.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. ADT had a net margin of 11.03% and a return on equity of 17.23%. The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the company earned $0.16 earnings per share. ADT's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th were issued a $0.055 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.59%. ADT's payout ratio is 37.93%.

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.