Redwood Investment Management LLC Sells 239,906 Shares of ADT Inc. (NYSE:ADT)

Redwood Investment Management LLC lowered its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 29.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,172 shares of the security and automation business's stock after selling 239,906 shares during the quarter. Redwood Investment Management LLC owned approximately 0.06% of ADT worth $4,137,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of ADT during the second quarter worth about $26,000. Altshuler Shaham Ltd purchased a new position in ADT during the 2nd quarter valued at approximately $30,000. Duncker Streett & Co. Inc. purchased a new position in ADT during the 2nd quarter valued at approximately $38,000. Abich Financial Wealth Management LLC purchased a new position in ADT during the 3rd quarter valued at approximately $70,000. Finally, Diversify Advisory Services LLC purchased a new position in ADT during the 2nd quarter valued at approximately $76,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

ADT Price Performance

Shares of NYSE:ADT remained flat at $7.60 during trading on Thursday. The stock had a trading volume of 3,263,398 shares, compared to its average volume of 5,355,009. The company has a market cap of $6.89 billion, a PE ratio of 8.26 and a beta of 1.49. ADT Inc. has a 1-year low of $6.02 and a 1-year high of $8.25. The stock has a 50 day moving average price of $7.36 and a two-hundred day moving average price of $7.35. 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 (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Thursday, December 12th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Thursday, December 12th. ADT's payout ratio is 23.91%.

Analysts Set New Price Targets

Several equities analysts have weighed in on ADT shares. The Goldman Sachs Group raised 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 raised 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.

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.