ADT Inc. (NYSE:ADT) EVP Daniel Bresingham Sells 257,959 Shares

ADT Inc. (NYSE:ADTGet Rating) EVP Daniel Bresingham sold 257,959 shares of ADT stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $9.60, for a total transaction of $2,476,406.40. Following the transaction, the executive vice president now directly owns 1,776,114 shares in the company, valued at $17,050,694.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

ADT Trading Down 6.3 %

NYSE ADT opened at $8.73 on Friday. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of -218.25 and a beta of 1.79. ADT Inc. has a one year low of $6.00 and a one year high of $10.10. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.51 and a quick ratio of 0.35. The business’s fifty day moving average is $9.30 and its 200-day moving average is $8.33.

ADT (NYSE:ADTGet Rating) last released its earnings results on Thursday, November 3rd. The security and automation business reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. ADT had a positive return on equity of 1.66% and a negative net margin of 0.59%. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) EPS. Equities research analysts predict that ADT Inc. will post 0.45 EPS for the current year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Thursday, December 15th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Wednesday, December 14th. ADT’s payout ratio is -350.00%.

Institutional Investors Weigh In On ADT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in ADT in the 4th quarter valued at about $799,000. California State Teachers Retirement System raised its stake in ADT by 4.3% in the 3rd quarter. California State Teachers Retirement System now owns 229,586 shares of the security and automation business’s stock valued at $1,720,000 after acquiring an additional 9,374 shares during the period. Advisory Research Inc. bought a new stake in ADT in the 3rd quarter valued at about $190,000. Balyasny Asset Management LLC raised its stake in ADT by 203.9% in the 3rd quarter. Balyasny Asset Management LLC now owns 774,982 shares of the security and automation business’s stock valued at $5,805,000 after acquiring an additional 519,990 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in ADT in the 3rd quarter valued at about $176,000. 96.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of ADT in a report on Monday, October 31st. They set an “equal weight” rating and a $8.00 price objective on the stock. Citigroup reaffirmed a “buy” rating and set a $11.00 price objective on shares of ADT in a report on Thursday, December 1st.

ADT Company Profile

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ADT, Inc engages in the provision of security, automation, and smart home solutions. Its products include security panels, security cameras, ADT mobile application, and identity theft protection. The firm also offers home security systems, fire and life safety, smart home automation, security for renters, and multifamily solutions and services.

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