HBK Investments L P Invests $1.30 Million in ADT Inc. $ADT

Key Points

• HBK Investments L P acquired 160,000 shares of ADT Inc., valued at approximately $1.3 million, marking significant institutional investment in the company.
• ADT Inc. announced a quarterly dividend of $0.055 per share, with a yield of 2.5%, slated for payment on October 2nd to investors of record on September 11th.
• Wall Street analysts have raised ADT's ratings, with Zacks Research and Wall Street Zen upgrading the stock to a "strong-buy" rating, while Citigroup increased its price target to $10.00.

HBK Investments L P acquired a new position in shares of ADT Inc. (NYSE:ADT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 160,000 shares of the security and automation business's stock, valued at approximately $1,302,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Zimmer Partners LP purchased a new stake in shares of ADT in the 4th quarter valued at about $48,687,000. Vanguard Group Inc. lifted its holdings in shares of ADT by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business's stock valued at $404,688,000 after purchasing an additional 5,160,835 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ADT by 21.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business's stock valued at $212,264,000 after purchasing an additional 4,624,120 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of ADT in the 1st quarter valued at about $31,573,000. Finally, Jane Street Group LLC lifted its holdings in shares of ADT by 7,745.1% in the 1st quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business's stock valued at $28,039,000 after purchasing an additional 3,400,705 shares during the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $8.31, for a total value of $590,010,000.00. Following the sale, the insider owned 112,650,366 shares in the company, valued at $936,124,541.46. This represents a 38.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company's stock.

ADT Stock Performance

NYSE ADT traded up $0.15 on Thursday, hitting $8.82. 13,194,569 shares of the company's stock were exchanged, compared to its average volume of 14,667,621. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. The firm's 50-day moving average price is $8.54 and its two-hundred day moving average price is $8.20. ADT Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $8.86. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 13.36 and a beta of 1.13.

ADT (NYSE:ADT - Get Free Report) last released its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. ADT had a return on equity of 18.58% and a net margin of 12.30%.The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The firm's quarterly revenue was up 6.8% on a year-over-year basis. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. On average, research analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.22 annualized dividend and a yield of 2.5%. ADT's payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ADT. Wall Street Zen raised ADT from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Zacks Research raised ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Citigroup upped their price objective on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Finally, Morgan Stanley upped their price objective on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $9.34.

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.