ADT Inc. $ADT Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has drastically reduced its holdings in ADT Inc. by 95.6% to just 16,320 shares during the first quarter, following the sale of 354,157 shares.
• Institutional investors now own 87.22% of ADT's stock, with Vanguard Group increasing its holdings by 11.6% and Victory Capital Management growing its position by 1,647.8%.
• ADT has been receiving favorable ratings from analysts, with Morgan Stanley and Citigroup raising their price targets, leading to a consensus rating of "Moderate Buy" and an average price target of $9.34.

Deutsche Bank AG decreased its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 95.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 16,320 shares of the security and automation business's stock after selling 354,157 shares during the period. Deutsche Bank AG's holdings in ADT were worth $133,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Forum Financial Management LP grew its stake 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 worth $240,000 after acquiring an additional 1,445 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake 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 worth $356,000 after acquiring an additional 1,769 shares during the last quarter. State of Wyoming grew its stake 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 worth $302,000 after acquiring an additional 2,092 shares during the last quarter. Wells Fargo & Company MN lifted its holdings 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 worth $248,000 after purchasing an additional 2,113 shares during the period. Finally, Utah Retirement Systems lifted its holdings in shares of ADT by 14.1% during the fourth quarter. Utah Retirement Systems now owns 17,829 shares of the security and automation business's stock worth $123,000 after purchasing an additional 2,200 shares during the period. Hedge funds and other institutional investors own 87.22% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup lifted their target price on ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Wall Street Zen raised ADT from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 30th. Morgan Stanley lifted 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. Finally, Zacks Research raised ADT to a "strong-buy" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.34.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the transaction, the insider owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This trade represents a 38.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company's stock.

ADT Price Performance

Shares of ADT stock traded up $0.09 during trading hours on Thursday, hitting $8.76. 5,963,829 shares of the company's stock were exchanged, compared to its average volume of 14,623,500. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The firm has a market cap of $7.28 billion, a P/E ratio of 13.27 and a beta of 1.13. The firm has a 50 day moving average of $8.53 and a two-hundred day moving average of $8.19. ADT Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $8.86.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. ADT had a return on equity of 18.58% and a net margin of 12.30%.The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company earned $0.17 EPS. The firm's revenue was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Sell-side analysts forecast that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, September 11th. ADT's dividend payout ratio (DPR) is 33.33%.

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.