ADT Inc. (NYSE:ADT) Shares Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP boosted its stake in ADT Inc. (NYSE:ADT - Free Report) by 132.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 396,000 shares of the security and automation business's stock after buying an additional 225,664 shares during the quarter. Brevan Howard Capital Management LP's holdings in ADT were worth $2,736,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Sei Investments Co. lifted its position in shares of ADT by 1,132.1% in the fourth quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock valued at $1,684,000 after acquiring an additional 223,922 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in ADT by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after purchasing an additional 609,842 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of ADT by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock worth $3,505,000 after purchasing an additional 100,134 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of ADT by 46.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock worth $904,000 after buying an additional 41,682 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of ADT in the fourth quarter valued at approximately $153,824,000. Institutional investors and hedge funds own 87.22% of the company's stock.

Analysts Set New Price Targets

ADT has been the topic of a number of analyst reports. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reissued a "sector perform" rating and issued a $9.00 price target on shares of ADT in a research note on Monday, April 21st.

ADT Stock Performance

Shares of NYSE:ADT opened at $8.12 on Tuesday. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.39. The business has a 50-day moving average of $7.87 and a two-hundred day moving average of $7.54. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The firm has a market capitalization of $7.11 billion, a PE ratio of 8.82 and a beta of 1.29.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.71%. ADT's dividend payout ratio (DPR) is currently 37.93%.

About ADT

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.

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