ADT Inc. $ADT Shares Sold by Zimmer Partners LP

Key Points

• Zimmer Partners LP reduced its stake in ADT Inc. by 9.3% in Q1, owning approximately 6.39 million shares after selling 658,224 shares.
• Several hedge funds, including Millennium Management LLC and NewEdge Advisors LLC, significantly increased their positions in ADT during the first quarter.
• ADT announced a quarterly dividend of $0.055 per share, with a yield of 2.6%, payable on October 2nd to shareholders of record on September 11th.

Zimmer Partners LP decreased its stake in ADT Inc. (NYSE:ADT - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,387,721 shares of the security and automation business's stock after selling 658,224 shares during the period. ADT makes up 1.0% of Zimmer Partners LP's investment portfolio, making the stock its 28th largest holding. Zimmer Partners LP owned 0.76% of ADT worth $51,996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADT. Millennium Management LLC lifted its stake in shares of ADT by 668.5% in the first quarter. Millennium Management LLC now owns 7,504,051 shares of the security and automation business's stock valued at $61,083,000 after purchasing an additional 6,527,539 shares during the period. AQR Capital Management LLC lifted its stake in shares of ADT by 86.6% in the first quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business's stock valued at $105,543,000 after purchasing an additional 6,089,671 shares during the period. Vanguard Group Inc. lifted its stake in shares of ADT by 11.6% in the first quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business's stock valued at $404,688,000 after purchasing an additional 5,160,835 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of ADT by 21.6% in the first quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business's stock valued at $212,264,000 after purchasing an additional 4,624,120 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in ADT during the 1st quarter valued at about $31,573,000. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Trading Down 0.5%

Shares of NYSE ADT traded down $0.04 during midday trading on Friday, reaching $8.81. 6,672,307 shares of the stock were exchanged, compared to its average volume of 9,053,355. The company has a market capitalization of $7.32 billion, a P/E ratio of 13.35 and a beta of 1.13. ADT Inc. has a 52-week low of $6.68 and a 52-week high of $8.89. 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 stock has a 50 day moving average price of $8.57 and a 200-day moving average price of $8.26.

ADT (NYSE:ADT - Get Free Report) last issued 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 business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Equities research analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.055 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. ADT's payout ratio is 33.33%.

Insider Activity at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction dated Monday, July 28th. The shares were 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. The trade was a 38.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

ADT 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.