Rhumbline Advisers Has $2.58 Million Stake in ADT Inc. (NYSE:ADT)

Rhumbline Advisers grew its position in ADT Inc. (NYSE:ADT - Free Report) by 16.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 316,421 shares of the security and automation business's stock after buying an additional 44,817 shares during the period. Rhumbline Advisers' holdings in ADT were worth $2,576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in ADT during the first quarter worth about $35,000. True Wealth Design LLC bought a new stake in ADT during the fourth quarter worth about $36,000. Headlands Technologies LLC bought a new stake in ADT during the fourth quarter worth about $62,000. Magnetar Financial LLC bought a new stake in ADT during the fourth quarter worth about $73,000. Finally, Federated Hermes Inc. raised its stake in ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after buying an additional 1,449 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st.

ADT Trading Down 1.6%

NYSE ADT opened at $8.10 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.72. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 8.80 and a beta of 1.23. The business's fifty day moving average is $8.16 and its 200 day moving average is $7.71.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business posted $0.16 EPS. ADT's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio is currently 37.93%.

Insider Buying and Selling

In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the completion of the transaction, the insider now directly owns 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. This trade represents a 17.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

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.

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