Sherbrooke Park Advisers LLC Makes New $298,000 Investment in ADT Inc. (NYSE:ADT)

Sherbrooke Park Advisers LLC bought a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,114 shares of the security and automation business's stock, valued at approximately $298,000.

Several other institutional investors have also recently made changes to their positions in the stock. Quantinno Capital Management LP lifted its position in shares of ADT by 112.6% during the fourth quarter. Quantinno Capital Management LP now owns 172,960 shares of the security and automation business's stock worth $1,195,000 after acquiring an additional 91,591 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of ADT during the fourth quarter worth $535,000. Maven Securities LTD purchased a new stake in shares of ADT during the fourth quarter worth $346,000. Mork Capital Management LLC purchased a new stake in shares of ADT during the fourth quarter worth $992,000. Finally, Lazard Asset Management LLC lifted its position in shares of ADT by 295.7% during the fourth quarter. Lazard Asset Management LLC now owns 2,022,358 shares of the security and automation business's stock worth $13,973,000 after acquiring an additional 1,511,327 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company's stock.

Insider Buying and Selling at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 228,650,366 shares of the company's stock, valued at approximately $1,833,775,935.32. This trade represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

ADT has been the topic of a number of recent analyst reports. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a research report on Monday, April 21st.

ADT Trading Up 1.5%

NYSE ADT opened at $8.60 on Monday. The stock's 50-day simple moving average is $7.98 and its two-hundred day simple moving average is $7.60. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.71. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 9.35 and a beta of 1.29.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The business 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 earnings per share. The company's revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.56%. ADT's payout ratio is 37.93%.

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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