Bosun Asset Management LLC Buys New Holdings in ADT Inc. $ADT

Key Points

• Bosun Asset Management LLC purchased a new stake of 89,205 shares in ADT Inc., valued at approximately $726,000 during the 1st quarter.
• ADT reported earnings of $0.23 per share for the last quarter, exceeding estimates, with revenues increasing by 6.8% year-over-year to $1.29 billion.
• The company announced a quarterly dividend of $0.055 per share, with an annualized yield of 2.5%, to be paid on October 2nd.

Bosun Asset Management LLC bought a new stake in ADT Inc. (NYSE:ADT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 89,205 shares of the security and automation business's stock, valued at approximately $726,000.

Several other institutional investors also recently bought and sold shares of ADT. Versant Capital Management Inc bought a new stake in ADT during the first quarter valued at about $35,000. True Wealth Design LLC bought a new position in shares of ADT during the 4th quarter worth about $36,000. AlphaQuest LLC lifted its stake in ADT by 80.9% during the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock worth $43,000 after purchasing an additional 2,370 shares during the period. Northwest Wealth Management LLC bought a new position in ADT during the first quarter worth about $87,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of ADT in the 4th quarter worth about $88,000. 87.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider owned 112,650,366 shares of the company's stock, valued at approximately $936,124,541.46. This trade represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company's stock.

ADT Stock Performance

ADT traded down $0.08 on Monday, reaching $8.63. The company had a trading volume of 7,559,364 shares, compared to its average volume of 14,653,096. ADT Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $8.89. The stock has a market cap of $7.17 billion, a P/E ratio of 13.07 and a beta of 1.13. The company's fifty day moving average is $8.54 and its 200 day moving average is $8.22. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm earned $0.17 earnings per share. ADT's revenue for the quarter 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 predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, September 11th. ADT's payout ratio is 33.33%.

Analyst Upgrades and Downgrades

ADT has been the subject of a number of research analyst reports. Citigroup lifted their price target on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Morgan Stanley raised their target price on ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Zacks Research raised shares of ADT to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen downgraded ADT from a "strong-buy" rating to a "buy" rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.34.

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.