Convergence Investment Partners LLC Sells 112,197 Shares of ADT Inc. $ADT

Convergence Investment Partners LLC lowered its holdings in shares of ADT Inc. (NYSE:ADT) by 40.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 165,362 shares of the security and automation business’s stock after selling 112,197 shares during the period. Convergence Investment Partners LLC’s holdings in ADT were worth $1,334,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADT. AQR Capital Management LLC grew its holdings in ADT by 124.6% during the third quarter. AQR Capital Management LLC now owns 36,160,099 shares of the security and automation business’s stock worth $314,954,000 after purchasing an additional 20,062,625 shares during the period. Vanguard Group Inc. grew its holdings in ADT by 42.7% during the third quarter. Vanguard Group Inc. now owns 64,858,510 shares of the security and automation business’s stock worth $564,918,000 after purchasing an additional 19,413,112 shares during the period. Zimmer Partners LP grew its holdings in ADT by 164.8% during the third quarter. Zimmer Partners LP now owns 8,077,811 shares of the security and automation business’s stock worth $70,358,000 after purchasing an additional 5,026,754 shares during the period. Two Sigma Investments LP grew its holdings in ADT by 275.6% during the third quarter. Two Sigma Investments LP now owns 5,483,043 shares of the security and automation business’s stock worth $47,757,000 after purchasing an additional 4,023,072 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in ADT by 27.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 17,476,972 shares of the security and automation business’s stock worth $152,224,000 after purchasing an additional 3,783,455 shares during the period. Institutional investors own 87.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADT. The Goldman Sachs Group restated a “buy” rating and set a $10.40 price objective on shares of ADT in a report on Monday, March 2nd. Morgan Stanley reduced their price objective on ADT from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, March 3rd. UBS Group set a $7.50 price objective on ADT in a report on Friday, May 1st. Citigroup reduced their price objective on ADT from $10.00 to $8.50 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Barclays restated an “underweight” rating and set a $7.00 price objective on shares of ADT in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ADT has a consensus rating of “Hold” and an average target price of $8.08.

ADT Stock Down 1.2%

Shares of ADT opened at $6.83 on Friday. ADT Inc. has a one year low of $6.25 and a one year high of $8.94. The company has a market cap of $5.40 billion, a P/E ratio of 9.75 and a beta of 1.06. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.84 and a quick ratio of 0.67. The firm has a 50 day simple moving average of $6.81 and a two-hundred day simple moving average of $7.63.

ADT (NYSE:ADT) last announced its quarterly earnings data on Thursday, April 30th. The security and automation business reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. ADT had a net margin of 12.12% and a return on equity of 19.23%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up .9% on a year-over-year basis. ADT has set its FY 2026 guidance at 0.890-0.890 EPS. Research analysts forecast that ADT Inc. will post 0.87 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, June 11th. ADT’s payout ratio is currently 31.43%.

Insider Activity at ADT

In related news, EVP Omar Khan purchased 7,280 shares of the stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $6.88 per share, for a total transaction of $50,086.40. Following the completion of the acquisition, the executive vice president owned 7,280 shares of the company’s stock, valued at approximately $50,086.40. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David A. Scott purchased 7,300 shares of the stock in a transaction dated Thursday, March 5th. The shares were bought at an average price of $6.72 per share, with a total value of $49,056.00. Following the completion of the acquisition, the executive vice president directly owned 7,300 shares of the company’s stock, valued at approximately $49,056. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 58,530 shares of company stock valued at $400,179 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

About ADT

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.