Convergence Investment Partners LLC Invests $773,000 in ADT Inc. (NYSE:ADT)

Convergence Investment Partners LLC purchased a new stake in ADT Inc. (NYSE:ADT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 94,985 shares of the security and automation business's stock, valued at approximately $773,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new position in ADT during the 1st quarter worth approximately $35,000. True Wealth Design LLC acquired a new position in ADT during the 4th quarter worth approximately $36,000. Headlands Technologies LLC acquired a new position in ADT during the 4th quarter worth approximately $62,000. Federated Hermes Inc. increased its position in ADT by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after purchasing an additional 1,449 shares during the period. Finally, Quarry LP acquired a new position in ADT during the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Price Performance

Shares of ADT traded down $0.21 on Friday, reaching $8.46. The stock had a trading volume of 36,543,037 shares, compared to its average volume of 11,442,185. The firm has a market capitalization of $7.08 billion, a PE ratio of 12.82 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.85. The firm has a 50-day moving average of $8.38 and a 200 day moving average of $7.97. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.80.

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

ADT Dividend Announcement

The business 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. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Thursday, September 11th. ADT's payout ratio is currently 37.93%.

Analyst Ratings Changes

Several equities analysts have issued reports on ADT shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $9.00 target price on shares of ADT in a research report on Monday, April 21st. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $7.00 to $9.00 in a research report on Friday, April 4th.

Insider Activity at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the stock in a transaction on 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 owned 183,650,366 shares of the company's stock, valued at $1,518,788,526.82. This trade represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently 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.