Belpointe Asset Management LLC Takes $92,000 Position in ADT Inc. $ADT

Belpointe Asset Management LLC bought a new stake in ADT Inc. (NYSE:ADT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,341 shares of the security and automation business’s stock, valued at approximately $92,000.

A number of other large investors have also added to or reduced their stakes in the company. Focus Partners Wealth lifted its holdings in ADT by 75.9% in the 1st quarter. Focus Partners Wealth now owns 54,363 shares of the security and automation business’s stock worth $442,000 after buying an additional 23,463 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of ADT by 7,745.1% in the first quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business’s stock worth $28,039,000 after acquiring an additional 3,400,705 shares in the last quarter. Bayforest Capital Ltd purchased a new position in ADT in the first quarter valued at about $74,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in ADT by 29.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,154,250 shares of the security and automation business’s stock valued at $9,396,000 after purchasing an additional 262,480 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in ADT during the 1st quarter valued at approximately $7,196,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the sale, the insider owned 112,650,366 shares of the company’s stock, valued at $936,124,541.46. This trade represents a 38.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

ADT Price Performance

ADT opened at $8.69 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The company’s 50-day moving average price is $8.58 and its 200 day moving average price is $8.27. ADT Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $8.94. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 13.17 and a beta of 1.13.

ADT (NYSE:ADT) last posted its earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. ADT had a return on equity of 18.58% and a net margin of 12.30%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, September 11th. ADT’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ADT shares. Citigroup upped their target price on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Wall Street Zen cut shares of ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Morgan Stanley increased their price objective on shares of ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Finally, Zacks Research raised shares of ADT to a “strong-buy” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.34.

ADT Company 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.