Amalgamated Bank Has $104,000 Stake in ADT Inc. (NYSE:ADT)

Amalgamated Bank trimmed its stake in ADT Inc. (NYSE:ADT) by 71.3% in the third quarter, HoldingsChannel.com reports. The firm owned 14,373 shares of the security and automation business’s stock after selling 35,639 shares during the period. Amalgamated Bank’s holdings in ADT were worth $104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ADT. Janney Montgomery Scott LLC boosted its position in ADT by 3.0% during the first quarter. Janney Montgomery Scott LLC now owns 75,863 shares of the security and automation business’s stock valued at $510,000 after acquiring an additional 2,183 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in ADT during the first quarter valued at $321,000. Vanguard Group Inc. boosted its position in ADT by 10.7% during the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after acquiring an additional 3,427,575 shares during the last quarter. Seven Eight Capital LP bought a new stake in ADT during the first quarter valued at $736,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in ADT by 284.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 94,204 shares of the security and automation business’s stock valued at $633,000 after acquiring an additional 69,712 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group upped their price target on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada upped their price target on shares of ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th.

ADT Price Performance

ADT stock opened at $7.49 on Monday. The stock has a market capitalization of $6.79 billion, a PE ratio of 8.14 and a beta of 1.52. The company’s 50-day moving average is $7.24 and its 200-day moving average is $7.29. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT Inc. has a 1 year low of $5.63 and a 1 year high of $8.25.

ADT (NYSE:ADT) last released its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. Equities research analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

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 given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.94%. ADT’s dividend payout ratio (DPR) is presently 23.91%.

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.