Algert Global LLC Sells 228,600 Shares of ADT Inc. (NYSE:ADT)

Algert Global LLC reduced its stake in ADT Inc. (NYSE:ADT - Free Report) by 72.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 87,707 shares of the security and automation business's stock after selling 228,600 shares during the quarter. Algert Global LLC's holdings in ADT were worth $634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADT. Boston Partners grew its position in shares of ADT by 246.8% in the first quarter. Boston Partners now owns 192,468 shares of the security and automation business's stock valued at $1,293,000 after purchasing an additional 136,977 shares during the last quarter. Pacer Advisors Inc. grew its holdings in 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 buying an additional 5,222,972 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in 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 worth $1,299,000 after buying an additional 6,078 shares during the period. SG Americas Securities LLC acquired a new position in shares of ADT during the second quarter worth approximately $1,143,000. Finally, Renaissance Technologies LLC bought a new stake in shares of ADT in the second quarter valued at approximately $3,226,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Stock Performance

Shares of NYSE:ADT traded down $0.04 during trading on Friday, hitting $7.62. 2,341,594 shares of the stock were exchanged, compared to its average volume of 5,377,490. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 8.28 and a beta of 1.52. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. ADT Inc. has a 1-year low of $5.79 and a 1-year high of $8.25. The company's fifty day simple moving average is $7.33 and its 200-day simple moving average is $7.34.

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

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.89%. ADT's payout ratio is currently 23.91%.

Analyst Ratings Changes

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

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.