WBI Investments LLC Invests $4.05 Million in ADT Inc. $ADT

Key Points

• WBI Investments LLC acquired a new position in ADT Inc. by purchasing 497,387 shares valued at approximately $4 million, making it their 14th largest holding.
• Shares of ADT Inc. traded at $8.60, with a market capitalization of $7.14 billion and a recent earnings per share of $0.23, exceeding estimates.
• The company declared a quarterly dividend of $0.055 per share to be paid on October 2nd, representing an annual dividend yield of 2.6%.

WBI Investments LLC acquired a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 497,387 shares of the security and automation business's stock, valued at approximately $4,049,000. ADT comprises 1.1% of WBI Investments LLC's investment portfolio, making the stock its 14th biggest position. WBI Investments LLC owned 0.06% of ADT at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ADT. Versant Capital Management Inc acquired a new position in shares of ADT in the 1st quarter valued at $35,000. True Wealth Design LLC bought a new position in shares of ADT in the fourth quarter valued at about $36,000. AlphaQuest LLC increased its position in shares of ADT by 80.9% in the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock valued at $43,000 after buying an additional 2,370 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of ADT in the first quarter valued at about $74,000. Finally, Northwest Wealth Management LLC bought a new stake in ADT during the first quarter worth about $87,000. Institutional investors own 87.22% of the company's stock.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by company insiders.

ADT Price Performance

NYSE ADT traded down $0.04 on Friday, reaching $8.81. The company had a trading volume of 6,672,307 shares, compared to its average volume of 9,185,472. ADT Inc. has a 12 month low of $6.68 and a 12 month high of $8.89. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The firm's 50 day moving average price is $8.57 and its 200 day moving average price is $8.25. The stock has a market capitalization of $7.32 billion, a PE ratio of 13.35 and a beta of 1.13.

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

ADT Announces Dividend

The firm also recently disclosed 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. This represents a $0.22 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 11th. ADT's dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADT. Wall Street Zen downgraded ADT from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Zacks Research upgraded ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Citigroup raised their price target on shares of ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Finally, Morgan Stanley lifted their price objective on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, ADT currently has a consensus rating of "Moderate Buy" and an average price target of $9.34.

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.