Alexander Labrunerie & CO. Inc. Cuts Stock Position in ADT Inc. (NYSE:ADT)

Alexander Labrunerie & CO. Inc. decreased its holdings in shares of ADT Inc. (NYSE:ADT) by 41.9% during the third quarter, Holdings Channel.com reports. The firm owned 58,050 shares of the security and automation business’s stock after selling 41,828 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in ADT were worth $420,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ADT. Janney Montgomery Scott LLC boosted its holdings in shares of ADT by 3.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 75,863 shares of the security and automation business’s stock worth $510,000 after purchasing an additional 2,183 shares during the period. Highland Capital Management LLC boosted its stake in ADT by 13.7% during the second quarter. Highland Capital Management LLC now owns 25,101 shares of the security and automation business’s stock worth $191,000 after buying an additional 3,024 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in ADT by 19.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,546 shares of the security and automation business’s stock valued at $156,000 after acquiring an additional 3,311 shares during the last quarter. Acadian Asset Management LLC bought a new position in ADT during the second quarter valued at $26,000. Finally, BNP Paribas Financial Markets raised its stake in shares of ADT by 1.1% in the first quarter. BNP Paribas Financial Markets now owns 375,429 shares of the security and automation business’s stock valued at $2,523,000 after acquiring an additional 3,931 shares during the period. Institutional investors own 87.22% of the company’s stock.

ADT Price Performance

Shares of ADT stock opened at $6.96 on Wednesday. The stock has a 50 day moving average price of $7.17 and a 200 day moving average price of $7.15. The firm has a market capitalization of $6.42 billion, a P/E ratio of 9.94 and a beta of 1.53. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. ADT Inc. has a 52-week low of $5.53 and a 52-week high of $7.92.

ADT (NYSE:ADT) last issued its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. As a group, sell-side analysts predict that ADT Inc. will post 0.62 earnings per share for the current year.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Friday, September 13th. ADT’s dividend payout ratio (DPR) is presently 31.43%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped their price target on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd.

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.