ADT Inc. (NYSE:ADT) Major Shareholder Apollo Management Holdings Gp, Sells 50,000,000 Shares

ADT Inc. (NYSE:ADT) major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of ADT stock in a transaction dated 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 now owns 228,650,366 shares of the company’s stock, valued at $1,833,775,935.32. The trade was a 17.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ADT Trading Down 2.0%

Shares of NYSE:ADT opened at $8.38 on Thursday. The business’s 50 day moving average price is $7.93 and its 200-day moving average price is $7.58. ADT Inc. has a 1 year low of $6.53 and a 1 year high of $8.71. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 9.11 and a beta of 1.29. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

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

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 annualized dividend and a yield of 2.63%. ADT’s dividend payout ratio (DPR) is currently 37.93%.

Hedge Funds Weigh In On ADT

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of ADT during the fourth quarter worth approximately $153,824,000. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 7,610,709 shares in the last quarter. Zimmer Partners LP acquired a new stake in shares of ADT in the fourth quarter valued at about $48,687,000. Dimensional Fund Advisors LP lifted its stake in shares of ADT by 31.1% in 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 buying an additional 5,089,056 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in 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 last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ADT shares. Barclays raised ADT from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $7.00 to $9.00 in a report on Friday, April 4th. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st.

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.