Allspring Global Investments Holdings LLC Sells 530,519 Shares of ADT Inc. $ADT

Allspring Global Investments Holdings LLC trimmed its position in ADT Inc. (NYSE:ADT) by 88.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,985 shares of the security and automation business’s stock after selling 530,519 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ADT were worth $607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in ADT during the third quarter worth $25,000. GAMMA Investing LLC lifted its holdings in shares of ADT by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after acquiring an additional 1,329 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of ADT by 39.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after acquiring an additional 1,240 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of ADT during the 2nd quarter valued at about $50,000. Finally, Farther Finance Advisors LLC boosted its position in shares of ADT by 944.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,930 shares of the security and automation business’s stock valued at $52,000 after acquiring an additional 5,362 shares in the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Stock Performance

NYSE ADT opened at $8.26 on Friday. ADT Inc. has a 1-year low of $6.78 and a 1-year high of $8.94. The company has a 50 day moving average of $8.12 and a 200-day moving average of $8.43. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 11.96 and a beta of 0.94.

ADT (NYSE:ADT) last released its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. ADT had a return on equity of 18.96% and a net margin of 12.52%.The business had revenue of $1.31 billion for the quarter. ADT has set its FY 2025 guidance at 0.850-0.890 EPS. On average, equities analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th were paid a $0.055 dividend. The ex-dividend date was Thursday, December 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.7%. ADT’s dividend payout ratio (DPR) is 31.88%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of ADT from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley dropped their target price on ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.25.

ADT Profile

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.