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

Aigen Investment Management LP cut its position in shares of ADT Inc. (NYSE:ADT) by 50.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 124,545 shares of the security and automation business’s stock after selling 124,490 shares during the quarter. Aigen Investment Management LP’s holdings in ADT were worth $900,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Entropy Technologies LP boosted its holdings in ADT by 165.9% during the third quarter. Entropy Technologies LP now owns 28,050 shares of the security and automation business’s stock worth $203,000 after buying an additional 17,500 shares in the last quarter. Atria Investments Inc bought a new stake in shares of ADT during the 3rd quarter worth $99,000. Innealta Capital LLC grew its holdings in shares of ADT by 170.5% in the 3rd quarter. Innealta Capital LLC now owns 36,380 shares of the security and automation business’s stock worth $263,000 after acquiring an additional 22,933 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of ADT by 12.9% during the third quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock worth $193,000 after purchasing an additional 3,054 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of ADT during the third quarter valued at $70,000. Institutional investors own 87.22% of the company’s stock.

Analyst Ratings Changes

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

ADT Stock Performance

Shares of ADT stock opened at $7.59 on Wednesday. The stock’s fifty day simple moving average is $7.20 and its 200-day simple moving average is $7.26. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 8.25 and a beta of 1.52. 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 1-year low of $5.63 and a 1-year high of $8.25.

ADT (NYSE:ADT) last issued its 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. The company had revenue of $1.24 billion for 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. On average, sell-side analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

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