ADT Inc. (NYSE:ADT) Shares Sold by Redwood Investment Management LLC

Redwood Investment Management LLC trimmed its holdings in ADT Inc. (NYSE:ADT) by 29.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 567,172 shares of the security and automation business’s stock after selling 239,906 shares during the period. Redwood Investment Management LLC’s holdings in ADT were worth $4,137,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of ADT by 20.3% in the 3rd quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after purchasing an additional 5,222,972 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of ADT by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 170,883 shares of the security and automation business’s stock valued at $1,299,000 after purchasing an additional 6,078 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of ADT in the 2nd quarter valued at approximately $1,143,000. Renaissance Technologies LLC acquired a new position in shares of ADT in the 2nd quarter valued at approximately $3,226,000. Finally, Ariel Investments LLC increased its holdings in shares of ADT by 2.6% in the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock valued at $230,740,000 after acquiring an additional 780,762 shares during the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADT has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their price target on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their price target on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, October 25th.

ADT Price Performance

Shares of NYSE ADT opened at $7.59 on Thursday. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 8.24 and a beta of 1.49. The business has a 50 day simple moving average of $7.36 and a 200-day simple moving average of $7.35. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a twelve month low of $6.02 and a twelve month high of $8.25.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. As a group, equities research analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.90%. ADT’s payout ratio is currently 23.91%.

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.