Algert Global LLC Acquires 274,473 Shares of ADT Inc. (NYSE:ADT)

Algert Global LLC boosted its stake in ADT Inc. (NYSE:ADT - Free Report) by 312.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 362,180 shares of the security and automation business's stock after buying an additional 274,473 shares during the period. Algert Global LLC's holdings in ADT were worth $2,503,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Atria Investments Inc increased its position in shares of ADT by 9.9% in the fourth quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business's stock worth $104,000 after purchasing an additional 1,358 shares during the period. Federated Hermes Inc. boosted its position in shares of ADT by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after acquiring an additional 1,449 shares in the last quarter. Highland Capital Management LLC raised its position in ADT by 6.5% during the fourth quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business's stock valued at $204,000 after purchasing an additional 1,810 shares in the last quarter. Wells Fargo & Company MN raised its position in ADT by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock valued at $248,000 after purchasing an additional 2,113 shares in the last quarter. Finally, Utah Retirement Systems lifted its stake in ADT by 14.1% during the fourth quarter. Utah Retirement Systems now owns 17,829 shares of the security and automation business's stock worth $123,000 after purchasing an additional 2,200 shares during the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Trading Up 0.4 %

Shares of ADT stock traded up $0.03 during mid-day trading on Friday, reaching $8.33. 19,442,806 shares of the stock traded hands, compared to its average volume of 8,642,102. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 9.05 and a beta of 1.29. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The stock's fifty day simple moving average is $7.90 and its two-hundred day simple moving average is $7.57. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.44.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. On average, research analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be given a $0.055 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.64%. ADT's dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research report on Monday, April 21st. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $7.00 to $9.00 in a research report on Friday, April 4th.

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.