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

Several other institutional investors have also made changes to their positions in ADT. Bank of New York Mellon Corp increased its position in shares of ADT by 11.1% during the first quarter. Bank of New York Mellon Corp now owns 6,072,596 shares of the security and automation business's stock valued at $49,431,000 after purchasing an additional 608,445 shares during the period. Teacher Retirement System of Texas acquired a new position in ADT in the first quarter worth $403,000. Northwest Wealth Management LLC acquired a new position in shares of ADT during the first quarter valued at $87,000. New York State Teachers Retirement System lifted its stake in shares of ADT by 28.9% during the first quarter. New York State Teachers Retirement System now owns 34,198 shares of the security and automation business's stock valued at $278,000 after acquiring an additional 7,660 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of ADT by 36.8% during the first quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business's stock valued at $160,000 after acquiring an additional 5,287 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Trading Up 1.7%

Shares of ADT stock traded up $0.15 during trading hours on Monday, hitting $8.45. The company's stock had a trading volume of 14,912,658 shares, compared to its average volume of 13,561,162. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.80. The stock has a 50 day moving average of $8.38 and a 200 day moving average of $8.03. The company has a market capitalization of $7.02 billion, a PE ratio of 10.51 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.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping 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 company 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 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, September 11th. ADT's dividend payout ratio is 33.33%.

Analyst Ratings Changes

Several research firms have weighed in on ADT. Morgan Stanley increased their target price on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $9.00 target price on shares of ADT in a research note on Monday, April 21st. Finally, Wall Street Zen lowered ADT from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $9.18.

Insider Activity

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the 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 sale, the insider directly owned 112,650,366 shares in the company, valued at $936,124,541.46. This represents a 38.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 166,000,000 shares of company stock valued at $1,363,160,000 in the last ninety days. 2.70% of the stock is owned by corporate insiders.

ADT 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.