Dark Forest Capital Management LP Buys Shares of 47,643 ADT Inc. (NYSE:ADT)

Dark Forest Capital Management LP bought a new stake in shares of ADT Inc. (NYSE:ADT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,643 shares of the security and automation business's stock, valued at approximately $329,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Atria Investments Inc lifted its position in shares of ADT by 9.9% during the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business's stock valued at $104,000 after acquiring an additional 1,358 shares during the last quarter. Federated Hermes Inc. raised its position in shares of ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after purchasing an additional 1,449 shares during the period. Highland Capital Management LLC lifted its holdings in shares of 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 during the last quarter. Sanctuary Advisors LLC boosted its position in shares of ADT by 10.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business's stock valued at $164,000 after purchasing an additional 2,112 shares during the period. Finally, Wells Fargo & Company MN increased its stake in ADT by 6.3% in the 4th quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock worth $248,000 after purchasing an additional 2,113 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors.

ADT Stock Up 1.6 %

NYSE:ADT traded up $0.13 on Friday, hitting $8.14. 14,456,400 shares of the company's stock traded hands, compared to its average volume of 8,241,294. The company has a market cap of $7.13 billion, a PE ratio of 8.85 and a beta of 1.29. ADT Inc. has a 1 year low of $6.53 and a 1 year high of $8.39. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The firm has a 50-day moving average price of $7.86 and a 200-day moving average price of $7.53.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.70%. ADT's payout ratio is 37.93%.

Analysts Set New Price Targets

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

ADT Company 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.