Ameriprise Financial Inc. Boosts Holdings in ADT Inc. (NYSE:ADT)

Ameriprise Financial Inc. increased its stake in ADT Inc. (NYSE:ADT - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 456,839 shares of the security and automation business's stock after purchasing an additional 82,623 shares during the period. Ameriprise Financial Inc. owned approximately 0.05% of ADT worth $3,157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in ADT in the fourth quarter worth $302,000. Janney Montgomery Scott LLC increased its holdings in shares of ADT by 46.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock worth $904,000 after buying an additional 41,682 shares during the period. KBC Group NV lifted its stake in shares of ADT by 48.9% in the 4th quarter. KBC Group NV now owns 15,754 shares of the security and automation business's stock valued at $109,000 after acquiring an additional 5,177 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in ADT during the 4th quarter valued at about $290,000. Finally, Highland Capital Management LLC boosted its holdings in ADT by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business's stock valued at $204,000 after acquiring an additional 1,810 shares during the period. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Price Performance

ADT traded up $0.07 during trading hours on Thursday, hitting $8.28. The company's stock had a trading volume of 9,880,167 shares, compared to its average volume of 9,398,903. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 8.99 and a beta of 1.29. The business's 50-day moving average price is $8.10 and its 200-day moving average price is $7.65. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.71.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $0.16 EPS. The business's quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's payout ratio is 37.93%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $7.00 to $9.00 in a research report on Friday, April 4th.

Insider Transactions at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of ADT stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the completion of the transaction, the insider now directly owns 228,650,366 shares of the company's stock, valued at approximately $1,833,775,935.32. The trade was a 17.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company's stock.

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.