Amalgamated Bank Has $104,000 Holdings in ADT Inc. (NYSE:ADT)

Amalgamated Bank lowered its stake in ADT Inc. (NYSE:ADT) by 71.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,373 shares of the security and automation business’s stock after selling 35,639 shares during the period. Amalgamated Bank’s holdings in ADT were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. acquired a new position in shares of ADT during the 2nd quarter worth about $195,461,000. Ariel Investments LLC grew its position in ADT by 31.8% during the 1st quarter. Ariel Investments LLC now owns 29,579,797 shares of the security and automation business’s stock worth $198,776,000 after acquiring an additional 7,131,950 shares during the last quarter. LSV Asset Management lifted its holdings in ADT by 186.0% during the 2nd quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock worth $73,310,000 after buying an additional 6,272,974 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in ADT by 61.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock worth $93,937,000 after buying an additional 4,705,544 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in ADT by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock worth $237,930,000 after buying an additional 3,427,575 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

ADT has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th.

ADT Price Performance

Shares of NYSE ADT opened at $7.49 on Monday. The business’s 50 day moving average price is $7.24 and its two-hundred day moving average price is $7.29. The company has a market cap of $6.79 billion, a PE ratio of 8.14 and a beta of 1.52. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. ADT Inc. has a twelve month low of $5.63 and a twelve month high of $8.25.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, analysts predict that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s payout ratio is presently 23.91%.

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.