Alps Advisors Inc. Increases Stock Holdings in ADT Inc. (NYSE:ADT)

Alps Advisors Inc. raised its position in ADT Inc. (NYSE:ADT - Free Report) by 24.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 161,223 shares of the security and automation business's stock after purchasing an additional 31,899 shares during the period. Alps Advisors Inc.'s holdings in ADT were worth $1,312,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ADT. Charles Schwab Investment Management Inc. boosted its stake in shares of ADT by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after acquiring an additional 609,842 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of ADT by 12.9% during the fourth quarter. Victory Capital Management Inc. now owns 191,495 shares of the security and automation business's stock valued at $1,323,000 after acquiring an additional 21,880 shares during the last quarter. Atria Investments Inc boosted its stake in shares of ADT by 9.9% during the fourth quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business's stock valued at $104,000 after acquiring an additional 1,358 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ADT during the fourth quarter valued at $1,153,000. Finally, Swiss National Bank boosted its stake in ADT by 0.9% in the 4th quarter. Swiss National Bank now owns 590,021 shares of the security and automation business's stock worth $4,077,000 after buying an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ADT. Royal Bank Of Canada reissued a "sector perform" rating and issued a $9.00 price target on shares of ADT in a research note on Monday, April 21st. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $7.00 to $9.00 in a research note on Friday, April 4th.

ADT Trading Down 2.0%

Shares of ADT stock traded down $0.18 during trading hours on Tuesday, reaching $8.38. The stock had a trading volume of 6,780,461 shares, compared to its average volume of 10,741,244. The firm has a 50 day simple moving average of $8.37 and a two-hundred day simple moving average of $7.89. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 14.44 and a beta of 1.21. The company has a current ratio of 0.77, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. ADT Inc. has a 1 year low of $6.53 and a 1 year high of $8.72.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. ADT had a return on equity of 17.23% and a net margin of 11.03%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. As a group, equities research analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.63%. ADT's payout ratio is currently 37.93%.

Insider Activity at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $8.27, for a total transaction of $372,150,000.00. Following the sale, the insider directly owned 183,650,366 shares in the company, valued at approximately $1,518,788,526.82. This trade represents a 19.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.70% of the company's stock.

About ADT

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.