Redwood Investment Management LLC Cuts Holdings in ADT Inc. (NYSE:ADT)

Redwood Investment Management LLC reduced its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 93.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,758 shares of the security and automation business's stock after selling 527,414 shares during the quarter. Redwood Investment Management LLC's holdings in ADT were worth $275,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Quantinno Capital Management LP raised its position in 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 valued at $1,195,000 after acquiring an additional 91,591 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in ADT during the fourth quarter valued at approximately $535,000. Maven Securities LTD purchased a new position in ADT during the fourth quarter valued at approximately $346,000. Mork Capital Management LLC purchased a new position in ADT during the fourth quarter valued at approximately $992,000. Finally, Lazard Asset Management LLC raised its position in 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 valued at $13,973,000 after acquiring an additional 1,511,327 shares in the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Trading Down 0.4%

NYSE ADT traded down $0.03 on Tuesday, reaching $8.51. 30,384,307 shares of the company were exchanged, compared to its average volume of 9,096,794. The business's fifty day moving average price is $8.02 and its 200 day moving average price is $7.62. The stock has a market capitalization of $7.12 billion, a P/E ratio of 9.25 and a beta of 1.29. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a fifty-two week low of $6.53 and a fifty-two week high of $8.71.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 EPS 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company posted $0.16 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. Analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, June 12th. ADT's dividend payout ratio (DPR) is presently 37.93%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $8.02, for a total value of $401,000,000.00. Following the sale, the insider now owns 228,650,366 shares in the company, valued at approximately $1,833,775,935.32. The trade was a 17.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company's stock.

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.