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Caisse Des Depots ET Consignations Lowers Stake in ADT Inc. (NYSE:ADT)

ADT logo with Industrials background

Key Points

  • Caisse Des Depots ET Consignations reduced its holdings in ADT Inc. by 46.4%, selling 176,451 shares and leaving its total shares at 203,529 valued at approximately $1,657,000.
  • ADT recently reported a quarterly EPS of $0.23, exceeding analyst expectations, with revenues of $1.29 billion, marking a 6.8% year-over-year increase.
  • The company announced a quarterly dividend of $0.055 per share, with an upcoming payment on October 2nd, yielding 2.6% annually.
  • Want stock alerts on ADT? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Caisse Des Depots ET Consignations cut its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 46.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,529 shares of the security and automation business's stock after selling 176,451 shares during the quarter. Caisse Des Depots ET Consignations' holdings in ADT were worth $1,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Forum Financial Management LP lifted its position in shares of ADT by 5.2% during the first quarter. Forum Financial Management LP now owns 29,446 shares of the security and automation business's stock valued at $240,000 after purchasing an additional 1,445 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after purchasing an additional 1,449 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of ADT by 4.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business's stock valued at $356,000 after purchasing an additional 1,769 shares in the last quarter. State of Wyoming lifted its position in shares of ADT by 5.0% during the fourth quarter. State of Wyoming now owns 43,661 shares of the security and automation business's stock valued at $302,000 after purchasing an additional 2,092 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of ADT by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock valued at $248,000 after purchasing an additional 2,113 shares in the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Stock Performance

Shares of ADT traded down $0.02 during trading hours on Friday, hitting $8.43. The company's stock had a trading volume of 9,321,008 shares, compared to its average volume of 13,486,282. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 12.77 and a beta of 1.20. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. The business has a 50 day simple moving average of $8.39 and a two-hundred day simple moving average of $8.06. ADT Inc. has a 52-week low of $6.68 and a 52-week high of $8.80.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The company's revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. On average, equities analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on ADT shares. Morgan Stanley raised their price objective on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of ADT in a report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $9.18.

Check Out Our Latest Analysis on ADT

Insider Buying and Selling

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 112,650,366 shares of the company's stock, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 166,000,000 shares of company stock worth $1,363,160,000 over the last three months. 2.70% of the stock is currently owned by insiders.

ADT Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for ADT (NYSE:ADT)

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