Algert Global LLC Has $550,000 Stake in ADT Inc. $ADT

Key Points

• Algert Global LLC significantly reduced its position in ADT Inc., selling 294,670 shares to hold 67,510 shares valued at $550,000.
• Several hedge funds increased their holdings in ADT, with Allspring Global Investments leading with a 366.3% increase, now owning 74,204 shares valued at $606,000.
• ADT recently reported a quarterly profit exceeding analysts' expectations, with earnings per share of $0.23 and revenue of $1.29 billion, marking a 6.8% year-over-year increase.

Algert Global LLC decreased its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 81.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,510 shares of the security and automation business's stock after selling 294,670 shares during the quarter. Algert Global LLC's holdings in ADT were worth $550,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings 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 valued at $606,000 after purchasing an additional 58,292 shares during the period. Amalgamated Bank raised its position in ADT by 36.8% during the 1st 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 raised its position in ADT by 93.1% during the 1st 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 raised its position in ADT by 11.1% during the 1st 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 purchasing an additional 608,445 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in ADT by 133.1% during the 4th quarter. Captrust Financial Advisors now owns 55,356 shares of the security and automation business's stock worth $383,000 after purchasing an additional 31,610 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ADT shares. 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 ADT to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen lowered ADT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, ADT has a consensus rating of "Moderate Buy" and an average price target of $9.18.

ADT Stock Performance

Shares of ADT stock opened at $8.8050 on Friday. 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 business has a 50-day moving average price of $8.46 and a two-hundred day moving average price of $8.13. ADT Inc. has a 1-year low of $6.68 and a 1-year high of $8.86. The company has a market cap of $7.32 billion, a P/E ratio of 13.34 and a beta of 1.20.

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

ADT Dividend Announcement

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

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the transaction, the insider owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. This represents a 38.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by company 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.

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