Krilogy Financial LLC Purchases New Position in ADT Inc. $ADT

Key Points

• Krilogy Financial LLC has made a new investment of $246,000 in ADT Inc., acquiring 29,046 shares in the second quarter.
• Institutional investors control over 87% of ADT’s stock, with significant increases in holdings from firms like Vanguard Group and Millennium Management.
• Analysts have mixed ratings for ADT, with an average rating of "Moderate Buy" and a price target of $9.34, while the company's stock currently trades around $8.69.

Krilogy Financial LLC purchased a new position in ADT Inc. (NYSE:ADT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 29,046 shares of the security and automation business's stock, valued at approximately $246,000.

Several other institutional investors have also made changes to their positions in the stock. Forum Financial Management LP grew its holdings in ADT by 5.2% during the 1st 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. lifted its stake in ADT by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business's stock valued at $356,000 after buying an additional 1,769 shares during the period. State of Wyoming grew its stake in ADT by 5.0% in the 4th quarter. State of Wyoming now owns 43,661 shares of the security and automation business's stock valued at $302,000 after purchasing an additional 2,092 shares during the period. AlphaQuest LLC lifted its holdings in ADT by 80.9% during the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock worth $43,000 after purchasing an additional 2,370 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of ADT by 29.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,635 shares of the security and automation business's stock valued at $110,000 after buying an additional 3,129 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company's stock in a transaction on 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 owned 112,650,366 shares in the company, valued at $936,124,541.46. This represents a 38.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.70% of the company's stock.

ADT Price Performance

NYSE ADT traded down $0.07 during mid-day trading on Friday, hitting $8.58. The stock had a trading volume of 22,313,181 shares, compared to its average volume of 9,130,221. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 13.00 and a beta of 1.13. 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 Inc. has a twelve month low of $6.68 and a twelve month high of $8.94. The firm's 50 day moving average is $8.58 and its 200 day moving average is $8.29.

ADT (NYSE:ADT - Get Free Report) last announced its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share 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 company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business posted $0.17 EPS. The company's revenue was up 6.8% on a year-over-year basis. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Equities research analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

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 issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 11th. ADT's payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

ADT has been the subject of a number of analyst reports. Citigroup upped their price target on ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Morgan Stanley raised their price objective on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Wall Street Zen upgraded shares of ADT from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Zacks Research raised shares of ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, ADT currently has an average rating of "Moderate Buy" and an average target price of $9.34.

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.