Ethic Inc. Sells 8,690 Shares of ADT Inc. (NYSE:ADT)

Ethic Inc. trimmed its position in ADT Inc. (NYSE:ADT) by 12.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 62,652 shares of the security and automation business’s stock after selling 8,690 shares during the period. Ethic Inc.’s holdings in ADT were worth $433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Atria Investments Inc grew its stake in ADT by 9.9% during the fourth quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business’s stock valued at $104,000 after acquiring an additional 1,358 shares in the last quarter. Federated Hermes Inc. boosted its position in ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business’s stock valued at $73,000 after buying an additional 1,449 shares during the period. Highland Capital Management LLC increased its stake in ADT by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business’s stock worth $204,000 after purchasing an additional 1,810 shares during the period. Wells Fargo & Company MN boosted its position in ADT by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business’s stock valued at $248,000 after buying an additional 2,113 shares during the period. Finally, Utah Retirement Systems lifted its holdings in ADT by 14.1% in the 4th quarter. Utah Retirement Systems now owns 17,829 shares of the security and automation business’s stock worth $123,000 after buying an additional 2,200 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the firm’s stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ADT shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $7.00 to $9.00 in a research note on Friday, April 4th.

ADT Trading Up 1.5%

Shares of ADT opened at $8.60 on Friday. The company’s fifty day moving average is $7.98 and its 200 day moving average is $7.60. ADT Inc. has a fifty-two week low of $6.53 and a fifty-two week high of $8.71. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a market capitalization of $7.19 billion, a PE ratio of 9.35 and a beta of 1.29.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) 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 company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business earned $0.16 EPS. ADT’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be given a $0.055 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a dividend 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.