Deutsche Bank AG increased its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 2,170.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,477 shares of the security and automation business's stock after acquiring an additional 354,157 shares during the quarter. Deutsche Bank AG's holdings in ADT were worth $2,560,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Merit Financial Group LLC acquired a new position in ADT in the 4th quarter valued at approximately $181,000. Crossmark Global Holdings Inc. bought a new stake in ADT in the fourth quarter worth approximately $1,087,000. SG Americas Securities LLC bought a new stake in shares of ADT during the 4th quarter worth $302,000. Janney Montgomery Scott LLC boosted its holdings in shares of ADT by 46.8% during the 4th 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 during the period. Finally, Sound Income Strategies LLC boosted its holdings in shares of ADT by 61.2% during the 4th quarter. Sound Income Strategies LLC now owns 572,561 shares of the security and automation business's stock worth $3,956,000 after buying an additional 217,377 shares during the period. Institutional investors and hedge funds own 87.22% of the company's stock.
Insider Activity
In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of ADT stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the transaction, the insider now owns 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. This trade represents a 17.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $7.00 to $9.00 in a report on Friday, April 4th. 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.
View Our Latest Research Report on ADT
ADT Trading Down 0.5%
ADT opened at $8.47 on Thursday. The stock has a market capitalization of $7.08 billion, a PE ratio of 9.20 and a beta of 1.29. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.71. The firm has a 50-day moving average price of $8.04 and a two-hundred day moving average price of $7.63.
ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. As a group, equities analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.
ADT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Thursday, June 12th. ADT's dividend payout ratio (DPR) is presently 37.93%.
ADT 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.
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