Redwood Investment Management LLC Has $1.31 Million Stake in ADT Inc. $ADT

Key Points

• Redwood Investment Management LLC increased its holdings in ADT Inc. by 305.4%, acquiring an additional 121,440 shares, bringing its total ownership to 161,198 shares valued at approximately $1.31 million.
• ADT announced a quarterly dividend of $0.055 per share, with a dividend yield of 2.5%, scheduled to be paid on October 2nd.
• Analysts are generally optimistic about ADT's stock, with Citigroup raising its target price from $9.00 to $10.00, classifying the stock with a "buy" rating.

Redwood Investment Management LLC boosted its stake in ADT Inc. (NYSE:ADT - Free Report) by 305.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,198 shares of the security and automation business's stock after acquiring an additional 121,440 shares during the quarter. Redwood Investment Management LLC's holdings in ADT were worth $1,312,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ADT. Aristides Capital LLC bought a new stake in shares of ADT in the first quarter valued at about $307,000. FORA Capital LLC acquired a new stake in ADT in the 1st quarter valued at approximately $227,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in ADT in the 1st quarter valued at approximately $4,195,000. Jane Street Group LLC lifted its stake in ADT by 7,745.1% in the 1st quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business's stock valued at $28,039,000 after acquiring an additional 3,400,705 shares in the last quarter. Finally, AlphaQuest LLC boosted its position 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 acquiring an additional 2,370 shares during the last quarter. Institutional investors own 87.22% of the company's stock.

Insider Activity

In other ADT 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 stock was sold at an average price of $8.31, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company's stock.

ADT Stock Performance

NYSE:ADT traded up $0.02 on Friday, hitting $8.70. The company's stock had a trading volume of 7,020,032 shares, compared to its average volume of 10,287,654. ADT Inc. has a one year low of $6.68 and a one year high of $8.86. The firm has a market capitalization of $7.23 billion, a P/E ratio of 13.17 and a beta of 1.20. The stock has a fifty day moving average of $8.51 and a two-hundred day moving average of $8.17. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the company posted $0.17 EPS. ADT's quarterly revenue was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Research analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 annualized dividend and a dividend yield of 2.5%. ADT's dividend payout ratio (DPR) is currently 33.33%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ADT shares. Citigroup lifted their price objective on shares of ADT from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday. Zacks Research raised shares of ADT to a "strong-buy" rating in a research report on Tuesday, August 12th. Morgan Stanley boosted their price target on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Wall Street Zen cut ADT from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, ADT has a consensus rating of "Moderate Buy" and a consensus price target of $9.34.

ADT Company 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.