Russell Investments Group Ltd. Has $5.28 Million Stock Holdings in ADT Inc. $ADT

Key Points

• Russell Investments Group Ltd. increased its stake in ADT Inc. by 38.3% in the first quarter, now owning approximately 0.08% of the company valued at $5.28 million.
• Major shareholder Apollo Management Holdings sold 71 million shares of ADT, resulting in a 38.66% decrease in their position.
• ADT reported a quarterly EPS of $0.23, surpassing estimates, and has announced a quarterly dividend of $0.055 to be paid on October 2nd.

Russell Investments Group Ltd. boosted its position in ADT Inc. (NYSE:ADT - Free Report) by 38.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 649,167 shares of the security and automation business's stock after acquiring an additional 179,666 shares during the period. Russell Investments Group Ltd. owned 0.08% of ADT worth $5,284,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in ADT in the first quarter valued at about $9,105,000. Burkehill Global Management LP boosted its holdings in ADT by 25.0% in the first quarter. Burkehill Global Management LP now owns 2,500,000 shares of the security and automation business's stock valued at $20,350,000 after acquiring an additional 500,000 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in ADT in the first quarter valued at about $251,000. Swiss National Bank boosted its holdings in ADT by 11.9% in the first quarter. Swiss National Bank now owns 660,521 shares of the security and automation business's stock valued at $5,377,000 after acquiring an additional 70,500 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in ADT by 229.2% in the first quarter. Headlands Technologies LLC now owns 29,735 shares of the security and automation business's stock valued at $242,000 after acquiring an additional 20,702 shares during the last quarter. Institutional investors own 87.22% of the company's stock.

Insider Activity at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm's stock in a transaction dated 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 sale, the insider owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. This trade represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADT. Morgan Stanley raised their price target on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a report on Monday, July 28th. Citigroup raised their price target on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday. Wall Street Zen cut ADT from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Zacks Research upgraded ADT to a "strong-buy" rating in a report on Tuesday, August 12th. One 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.34.

ADT Stock Up 0.9%

Shares of NYSE ADT traded up $0.08 during mid-day trading on Wednesday, reaching $8.76. 9,273,366 shares of the company's stock were exchanged, compared to its average volume of 10,737,679. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 13.27 and a beta of 1.20. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The business has a fifty day simple moving average of $8.49 and a 200 day simple moving average of $8.15. ADT Inc. has a twelve month low of $6.68 and a twelve month high of $8.86.

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

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. ADT's dividend payout ratio (DPR) is currently 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.