ADT Inc. (NYSE:ADT) Major Shareholder Sells $401,000,000.00 in Stock

ADT Inc. (NYSE:ADT) 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 stock was sold at an average price of $8.02, for a total value of $401,000,000.00. Following the transaction, the insider now owns 228,650,366 shares of the company’s stock, valued at $1,833,775,935.32. This trade represents a 17.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

ADT Price Performance

NYSE ADT opened at $8.47 on Friday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 9.21 and a beta of 1.29. The business has a 50 day simple moving average of $7.96 and a 200 day simple moving average of $7.59. ADT Inc. has a 52-week low of $6.53 and a 52-week high of $8.71.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the company earned $0.16 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.60%. ADT’s payout ratio is 37.93%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and lifted 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 price target on shares of ADT in a report on Monday, April 21st.

Institutional Investors Weigh In On ADT

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in ADT by 11.6% in 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 buying an additional 5,160,835 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of ADT by 11.7% during the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock worth $238,906,000 after acquiring an additional 3,632,502 shares during the period. Dimensional Fund Advisors LP grew its position in shares of ADT by 21.6% in the first 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 purchasing an additional 4,624,120 shares during the last quarter. Norges Bank bought a new position in shares of ADT during the fourth quarter worth approximately $153,824,000. Finally, AQR Capital Management LLC increased 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 worth $105,543,000 after purchasing an additional 6,089,671 shares during the period. Institutional investors own 87.22% of the company’s stock.

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.