Allspring Global Investments Holdings LLC Has $1.66 Million Position in ADT Inc. (NYSE:ADT)

Allspring Global Investments Holdings LLC increased its stake in ADT Inc. (NYSE:ADTGet Rating) by 2,608.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 221,384 shares of the security and automation business’s stock after purchasing an additional 213,211 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ADT were worth $1,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADT. Principal Financial Group Inc. lifted its holdings in ADT by 44.6% in the 1st quarter. Principal Financial Group Inc. now owns 15,328 shares of the security and automation business’s stock worth $116,000 after purchasing an additional 4,727 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ADT by 136.8% during the first quarter. JPMorgan Chase & Co. now owns 313,398 shares of the security and automation business’s stock worth $2,379,000 after buying an additional 181,055 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of ADT by 13.3% during the first quarter. Raymond James & Associates now owns 501,863 shares of the security and automation business’s stock worth $3,809,000 after buying an additional 58,751 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ADT during the first quarter worth approximately $349,000. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of ADT by 13.2% during the first quarter. Great West Life Assurance Co. Can now owns 22,214 shares of the security and automation business’s stock worth $176,000 after buying an additional 2,584 shares during the last quarter. 96.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other ADT news, EVP Daniel Bresingham sold 257,959 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $9.60, for a total value of $2,476,406.40. Following the sale, the executive vice president now directly owns 1,776,114 shares in the company, valued at $17,050,694.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on ADT. Citigroup reiterated a “buy” rating and set a $11.00 price target on shares of ADT in a report on Thursday, December 1st. Morgan Stanley began coverage on ADT in a report on Monday, October 31st. They set an “equal weight” rating and a $8.00 price target for the company.

ADT Stock Performance

ADT opened at $8.78 on Friday. The stock has a market cap of $8.02 billion, a PE ratio of -219.50 and a beta of 1.79. The company has a current ratio of 0.51, a quick ratio of 0.35 and a debt-to-equity ratio of 2.79. ADT Inc. has a 1 year low of $6.00 and a 1 year high of $10.10. The stock’s 50 day simple moving average is $9.29 and its 200-day simple moving average is $8.34.

ADT (NYSE:ADTGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The security and automation business reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. ADT had a positive return on equity of 1.66% and a negative net margin of 0.59%. ADT’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) earnings per share. Sell-side analysts forecast that ADT Inc. will post 0.45 EPS for the current year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Thursday, December 15th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Wednesday, December 14th. ADT’s dividend payout ratio is presently -350.00%.

ADT Company Profile

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ADT, Inc engages in the provision of security, automation, and smart home solutions. Its products include security panels, security cameras, ADT mobile application, and identity theft protection. The firm also offers home security systems, fire and life safety, smart home automation, security for renters, and multifamily solutions and services.

Further Reading

Institutional Ownership by Quarter for ADT (NYSE:ADT)

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