Alexander Labrunerie & CO. Inc. Reduces Position in ADT Inc. (NYSE:ADT)

Alexander Labrunerie & CO. Inc. trimmed its stake in ADT Inc. (NYSE:ADT) by 41.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,050 shares of the security and automation business’s stock after selling 41,828 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in ADT were worth $420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADT. Kapitalo Investimentos Ltda bought a new stake in ADT during the third quarter valued at about $125,000. Creative Planning purchased a new position in shares of ADT during the 3rd quarter valued at about $78,000. Wedge Capital Management L L P NC purchased a new position in shares of ADT during the 3rd quarter valued at about $2,409,000. Sound Income Strategies LLC bought a new position in shares of ADT during the 3rd quarter valued at approximately $2,568,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in ADT in the 3rd quarter worth approximately $346,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their price target on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd.

ADT Price Performance

Shares of ADT stock opened at $6.96 on Wednesday. The stock’s 50-day simple moving average is $7.17 and its 200-day simple moving average is $7.15. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 9.94 and a beta of 1.53. ADT Inc. has a 52 week low of $5.53 and a 52 week high of $7.92. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98.

ADT (NYSE:ADT) last released its earnings results on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. As a group, analysts expect that ADT Inc. will post 0.62 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.22 annualized dividend and a dividend yield of 3.16%. ADT’s dividend payout ratio (DPR) is 31.43%.

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.