ADT Inc. (NYSE:ADT) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP reduced its stake in shares of ADT Inc. (NYSE:ADT) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,545 shares of the security and automation business’s stock after selling 124,490 shares during the period. Aigen Investment Management LP’s holdings in ADT were worth $900,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of ADT during the second quarter worth about $26,000. Altshuler Shaham Ltd acquired a new position in shares of ADT in the 2nd quarter worth approximately $30,000. Duncker Streett & Co. Inc. bought a new stake in shares of ADT in the 2nd quarter valued at approximately $38,000. Abich Financial Wealth Management LLC acquired a new stake in shares of ADT during the 3rd quarter valued at approximately $70,000. Finally, Checchi Capital Advisers LLC bought a new position in ADT during the second quarter worth $77,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ADT. Royal Bank of Canada raised their price target on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their target price on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research note on Friday, October 25th.

ADT Stock Down 1.7 %

ADT stock opened at $7.59 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm’s 50-day simple moving average is $7.20 and its 200 day simple moving average is $7.26. The stock has a market cap of $6.88 billion, a PE ratio of 8.25 and a beta of 1.52. ADT Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $8.25.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, beating 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 for 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 for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s dividend payout ratio (DPR) is 23.91%.

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.