Pallas Capital Advisors LLC Sells 5,937 Shares of ADT Inc. (NYSE:ADT)

Pallas Capital Advisors LLC lowered its stake in shares of ADT Inc. (NYSE:ADT) by 12.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,558 shares of the security and automation business’s stock after selling 5,937 shares during the period. Pallas Capital Advisors LLC’s holdings in ADT were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in ADT. Acadian Asset Management LLC purchased a new stake in ADT during the 2nd quarter worth about $26,000. Altshuler Shaham Ltd bought a new position in shares of ADT in the second quarter valued at approximately $30,000. Duncker Streett & Co. Inc. purchased a new position in ADT during the second quarter valued at approximately $38,000. Diversify Advisory Services LLC bought a new stake in ADT during the 2nd quarter worth approximately $76,000. Finally, TFB Advisors LLC purchased a new stake in ADT in the 1st quarter worth approximately $77,000. 87.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADT has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted 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 boosted their target price on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th.

ADT Price Performance

ADT stock opened at $7.20 on Friday. The firm has a 50 day simple moving average of $7.18 and a two-hundred day simple moving average of $7.19. The stock has a market cap of $6.57 billion, a PE ratio of 7.83 and a beta of 1.53. ADT Inc. has a one year low of $5.53 and a one year high of $8.25. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59.

ADT (NYSE:ADT) last announced its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business earned $0.07 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that ADT Inc. will post 0.62 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued 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 3.06%. ADT’s dividend payout ratio is 23.91%.

ADT 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.