Cerity Partners LLC Increases Stock Position in ADT Inc. (NYSE:ADT)

Cerity Partners LLC grew its position in ADT Inc. (NYSE:ADT) by 82.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,646 shares of the security and automation business’s stock after purchasing an additional 115,987 shares during the period. Cerity Partners LLC’s holdings in ADT were worth $2,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ADT. Norges Bank purchased a new stake in shares of ADT in the fourth quarter valued at about $153,824,000. Vanguard Group Inc. boosted its position in ADT by 20.6% during the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock worth $307,876,000 after purchasing an additional 7,610,709 shares during the period. Zimmer Partners LP bought a new position in ADT during the fourth quarter worth about $48,687,000. Dimensional Fund Advisors LP boosted its position in ADT by 31.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business’s stock worth $148,246,000 after purchasing an additional 5,089,056 shares during the period. Finally, D. E. Shaw & Co. Inc. bought a new position in ADT during the fourth quarter worth about $13,349,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Trading Down 0.5%

ADT stock opened at $8.46 on Monday. The company has a market capitalization of $7.08 billion, a PE ratio of 14.59 and a beta of 1.21. ADT Inc. has a one year low of $6.53 and a one year high of $8.72. The company’s 50 day moving average price is $8.38 and its two-hundred day moving average price is $7.93. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.77.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. ADT had a net margin of 11.03% and a return on equity of 17.23%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. As a group, analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Thursday, June 12th. ADT’s dividend payout ratio is 37.93%.

Insider Activity

In other 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 shares were sold at an average price of $8.02, for a total value of $401,000,000.00. Following the transaction, the insider owned 228,650,366 shares in the company, 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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ADT. Barclays upgraded shares of 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 research report on Friday, April 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $9.00 target price on shares of ADT in a research note on Monday, April 21st.

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.