Jump Financial LLC Lowers Stock Position in ADT Inc. $ADT

Key Points

• Jump Financial LLC sold 50,330 shares of ADT Inc., reducing its holdings by 74.8%, and now owns 17,000 shares valued at approximately $138,000.
• Major shareholder Apollo Management Holdings sold 71 million shares for about $590 million, resulting in a 38.66% decrease in their ownership stake.
• ADT reported a quarterly earnings per share (EPS) of $0.23, exceeding the consensus estimate and reflecting a 6.8% year-over-year revenue growth.

Jump Financial LLC cut its holdings in ADT Inc. (NYSE:ADT - Free Report) by 74.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,000 shares of the security and automation business's stock after selling 50,330 shares during the period. Jump Financial LLC's holdings in ADT were worth $138,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of ADT by 366.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business's stock worth $606,000 after buying an additional 58,292 shares during the last quarter. Amalgamated Bank increased its holdings in shares of ADT by 36.8% in the 1st quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business's stock worth $160,000 after buying an additional 5,287 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of ADT by 93.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business's stock worth $1,732,000 after buying an additional 102,538 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of ADT by 259.5% in the 1st quarter. American Century Companies Inc. now owns 613,889 shares of the security and automation business's stock worth $4,997,000 after buying an additional 443,121 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ADT by 11.1% in the 1st quarter. Bank of New York Mellon Corp now owns 6,072,596 shares of the security and automation business's stock worth $49,431,000 after buying an additional 608,445 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors.

Insider Transactions at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction dated Monday, July 28th. The shares were 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 of the company's stock, valued at $936,124,541.46. The trade was a 38.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ADT has been the topic of several analyst reports. Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a report on Sunday. Citigroup upped their price target on shares of ADT from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Morgan Stanley upped their price target on shares of ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Zacks Research upgraded shares of ADT to a "strong-buy" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, ADT presently has a consensus rating of "Moderate Buy" and an average price target of $9.34.

ADT Trading Up 0.1%

ADT stock traded up $0.01 during trading hours on Wednesday, hitting $8.61. The company had a trading volume of 9,020,917 shares, compared to its average volume of 9,403,792. The firm has a market cap of $7.15 billion, a P/E ratio of 13.04 and a beta of 1.13. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. ADT Inc. has a 1 year low of $6.68 and a 1 year high of $8.89. The company has a 50-day moving average price of $8.55 and a two-hundred day moving average price of $8.23.

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

ADT Announces Dividend

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

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.