Cwm LLC increased its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 124.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 335,034 shares of the security and automation business's stock after purchasing an additional 185,476 shares during the quarter. Cwm LLC's holdings in ADT were worth $2,727,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in ADT in the first quarter valued at about $35,000. True Wealth Design LLC bought a new position in ADT in the fourth quarter worth approximately $36,000. Headlands Technologies LLC purchased a new stake in shares of ADT during the fourth quarter valued at approximately $62,000. Magnetar Financial LLC bought a new stake in ADT during the fourth quarter valued at $73,000. Finally, Federated Hermes Inc. increased its holdings in shares of ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after buying an additional 1,449 shares during the period. 87.22% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a report on Monday, April 21st.
Read Our Latest Analysis on ADT
Insiders Place Their Bets
In other news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $8.02, for a total value of $401,000,000.00. Following the sale, the insider directly owned 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. This represents a 17.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.
ADT Price Performance
Shares of NYSE:ADT opened at $8.51 on Friday. The company's fifty day moving average is $8.37 and its two-hundred day moving average is $7.90. The company has a quick ratio of 0.60, a current ratio of 0.77 and a debt-to-equity ratio of 2.10. ADT Inc. has a 12-month low of $6.53 and a 12-month high of $8.72. The company has a market cap of $7.11 billion, a P/E ratio of 14.66 and a beta of 1.21.
ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. ADT had a net margin of 11.03% and a return on equity of 17.23%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. Equities analysts expect 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 was paid on Tuesday, July 8th. Investors of record on Thursday, June 12th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.59%. ADT's dividend payout ratio (DPR) is presently 37.93%.
ADT Company Profile
(
Free Report)
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.
See Also
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