Envestnet Asset Management Inc. Has $1.30 Million Position in ADT Inc. (NYSE:ADT)

Key Points

• Envestnet Asset Management Inc. increased its stake in ADT Inc. by 548.4% in the first quarter, bringing its total holdings to 159,115 shares worth approximately $1.30 million.
• ADT Inc. reported a $0.23 EPS for its latest quarter, surpassing the consensus estimate of $0.19, along with a revenue of $1.29 billion—up 6.8% year-over-year.
• The company declared a quarterly dividend of $0.055 per share, which results in an annualized dividend yield of 2.7%, set to be paid on October 2nd to stockholders of record on September 11th.

Envestnet Asset Management Inc. raised its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 548.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,115 shares of the security and automation business's stock after acquiring an additional 134,575 shares during the period. Envestnet Asset Management Inc.'s holdings in ADT were worth $1,295,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ADT. Versant Capital Management Inc purchased a new position in ADT during the 1st quarter worth $35,000. True Wealth Design LLC acquired a new stake in shares of ADT during the 4th quarter worth about $36,000. Headlands Technologies LLC acquired a new stake in shares of ADT during the 4th quarter worth about $62,000. Federated Hermes Inc. boosted its stake in shares of 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 last quarter. Finally, Quarry LP acquired a new stake in shares of ADT during the 4th quarter worth about $80,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Stock Performance

Shares of NYSE ADT traded up $0.17 during midday trading on Wednesday, reaching $8.57. 6,173,445 shares of the company traded hands, compared to its average volume of 15,329,397. 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 stock has a 50-day moving average price of $8.38 and a 200 day moving average price of $8.03. ADT Inc. has a 52 week low of $6.68 and a 52 week high of $8.80. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 12.97 and a beta of 1.20.

ADT (NYSE:ADT - Get Free Report) last issued 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 firm 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%. ADT's revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. Sell-side analysts anticipate 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. Stockholders of record on Thursday, September 11th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.6%. ADT's payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ADT. Wall Street Zen cut shares of ADT from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Morgan Stanley increased 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. Finally, Royal Bank Of Canada reiterated 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $9.18.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the sale, the insider directly owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 166,000,000 shares of company stock worth $1,363,160,000 in the last quarter. Insiders own 2.70% of the company's stock.

About ADT

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.