Aigen Investment Management LP Reduces Stock Position in ADT Inc. (NYSE:ADT)

Aigen Investment Management LP reduced its stake in ADT Inc. (NYSE:ADT - Free Report) by 50.0% in the third quarter, according to the company in its most recent Form 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 reporting period.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in ADT in the second quarter worth about $26,000. Altshuler Shaham Ltd bought a new position in shares of ADT during the second quarter valued at approximately $30,000. Duncker Streett & Co. Inc. bought a new position in shares of ADT during the second quarter valued at approximately $38,000. Abich Financial Wealth Management LLC bought a new position in shares of ADT during the third quarter valued at approximately $70,000. Finally, Diversify Advisory Services LLC bought a new position in shares of ADT during the second quarter valued at approximately $76,000. 87.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADT. The Goldman Sachs Group raised their target price on shares of ADT from $8.20 to $9.20 and gave the company a "buy" rating in a research note on Friday, October 25th. Royal Bank of Canada raised their target price on shares of ADT from $8.00 to $9.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th.

ADT Stock Performance

Shares of ADT remained flat at $7.60 on Wednesday. 4,733,355 shares of the company traded hands, compared to its average volume of 5,394,193. The stock has a market cap of $6.89 billion, a P/E ratio of 8.26 and a beta of 1.52. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $7.22 and a 200 day simple moving average of $7.27. ADT Inc. has a 12 month low of $5.63 and a 12 month high of $8.25.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. On average, equities analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Thursday, December 12th. ADT's dividend payout ratio (DPR) is currently 23.91%.

ADT Company 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.