CANADA LIFE ASSURANCE Co Grows Stock Position in ADT Inc. (NYSE:ADT)

CANADA LIFE ASSURANCE Co increased its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 50.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 165,273 shares of the security and automation business's stock after purchasing an additional 55,081 shares during the period. CANADA LIFE ASSURANCE Co's holdings in ADT were worth $1,140,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Jump Financial LLC boosted its position in ADT by 289.2% in the 4th quarter. Jump Financial LLC now owns 67,330 shares of the security and automation business's stock valued at $465,000 after buying an additional 50,030 shares during the period. Walleye Capital LLC purchased a new position in ADT in the 4th quarter valued at approximately $1,358,000. Mariner LLC boosted its position in ADT by 10.9% in the 4th quarter. Mariner LLC now owns 39,666 shares of the security and automation business's stock valued at $274,000 after buying an additional 3,904 shares during the period. Sterling Capital Management LLC boosted its position in ADT by 15.0% in the 4th quarter. Sterling Capital Management LLC now owns 65,166 shares of the security and automation business's stock valued at $450,000 after buying an additional 8,484 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in ADT by 77.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 224,624 shares of the security and automation business's stock valued at $1,552,000 after buying an additional 97,880 shares during the period. Hedge funds and other institutional investors own 87.22% of the company's stock.

ADT Stock Down 0.1 %

Shares of ADT stock traded down $0.01 during trading on Thursday, hitting $8.02. 20,384,678 shares of the stock were exchanged, compared to its average volume of 8,186,064. The firm's 50-day moving average price is $7.84 and its 200 day moving average price is $7.51. ADT Inc. has a 12-month low of $6.53 and a 12-month high of $8.39. 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 stock has a market cap of $7.03 billion, a price-to-earnings ratio of 8.71 and a beta of 1.42.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business earned $0.16 EPS. ADT's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 annualized dividend and a yield of 2.74%. ADT's dividend payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ADT. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research report on Monday, April 21st.

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.