Allspring Global Investments Holdings LLC Grows Stock Position in ADT Inc. $ADT

Allspring Global Investments Holdings LLC increased its position in shares of ADT Inc. (NYSE:ADT) by 709.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 600,504 shares of the security and automation business’s stock after buying an additional 526,300 shares during the period. Allspring Global Investments Holdings LLC owned about 0.07% of ADT worth $5,116,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of ADT by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock valued at $404,688,000 after acquiring an additional 5,160,835 shares in the last quarter. Dimensional Fund Advisors LP increased its position in ADT by 21.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business’s stock valued at $212,264,000 after acquiring an additional 4,624,120 shares during the period. AQR Capital Management LLC raised its stake in shares of ADT by 86.6% during the first quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business’s stock valued at $105,543,000 after purchasing an additional 6,089,671 shares in the last quarter. LSV Asset Management boosted its holdings in shares of ADT by 15.7% in the first quarter. LSV Asset Management now owns 12,545,184 shares of the security and automation business’s stock valued at $102,118,000 after acquiring an additional 1,701,861 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of ADT by 668.5% in the 1st quarter. Millennium Management LLC now owns 7,504,051 shares of the security and automation business’s stock worth $61,083,000 after buying an additional 6,527,539 shares in the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Price Performance

Shares of ADT stock opened at $8.58 on Tuesday. ADT Inc. has a 52 week low of $6.71 and a 52 week high of $8.94. The stock’s fifty day moving average is $8.67 and its 200-day moving average is $8.40. The stock has a market capitalization of $7.13 billion, a PE ratio of 12.99 and a beta of 1.05. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46.

ADT (NYSE:ADT) last issued its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share for the quarter. ADT had a net margin of 12.30% and a return on equity of 18.58%. The company had revenue of $1.31 billion during the quarter. Equities research analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.055 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.6%. ADT’s dividend payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

ADT has been the topic of several research reports. Zacks Research cut ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of ADT in a research report on Wednesday, October 8th. Citigroup lifted their price objective on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Morgan Stanley raised their target price 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, Wall Street Zen cut shares of ADT from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.34.

Insider Activity at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the stock in a transaction that occurred on 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 directly owned 112,650,366 shares in the company, valued at $936,124,541.46. This trade represents a 38.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by company insiders.

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.