BNP Paribas Financial Markets Reduces Stock Holdings in ADT Inc. (NYSE:ADT)

BNP Paribas Financial Markets trimmed its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 86.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,113 shares of the security and automation business's stock after selling 169,697 shares during the quarter. BNP Paribas Financial Markets' holdings in ADT were worth $180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

ADT Price Performance

ADT stock traded up $0.18 during midday trading on Monday, hitting $8.50. The company's stock had a trading volume of 13,645,368 shares, compared to its average volume of 9,474,456. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.71. The company has a 50 day moving average of $8.10 and a two-hundred day moving average of $7.66. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 9.23 and a beta of 1.29.

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

ADT Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $8.02, for a total value of $401,000,000.00. Following the sale, the insider now owns 228,650,366 shares in the company, valued at $1,833,775,935.32. This trade represents a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by insiders.

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.