Acadian Asset Management LLC Buys 180,502 Shares of ADT Inc. $ADT

Key Points

• Acadian Asset Management LLC increased its stake in ADT Inc. by 264.2%, owning 248,811 shares valued at approximately $2.02 million by the end of the most recent quarter.
• ADT's quarterly earnings exceeded analysts' expectations, reporting $0.23 EPS against a consensus estimate of $0.19, and revenue of $1.29 billion, which was up 6.8% year-on-year.
• The company declared a quarterly dividend of $0.055 per share, translating to an annualized yield of 2.5% with a payout ratio of 33.33%.

Acadian Asset Management LLC grew its holdings in ADT Inc. (NYSE:ADT - Free Report) by 264.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 248,811 shares of the security and automation business's stock after acquiring an additional 180,502 shares during the quarter. Acadian Asset Management LLC's holdings in ADT were worth $2,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ADT. Forum Financial Management LP lifted its holdings in shares of ADT by 5.2% in the 1st quarter. Forum Financial Management LP now owns 29,446 shares of the security and automation business's stock valued at $240,000 after buying an additional 1,445 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of ADT by 4.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business's stock worth $356,000 after purchasing an additional 1,769 shares in the last quarter. State of Wyoming lifted its stake in shares of ADT by 5.0% in the fourth quarter. State of Wyoming now owns 43,661 shares of the security and automation business's stock worth $302,000 after acquiring an additional 2,092 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of ADT by 80.9% in the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock worth $43,000 after acquiring an additional 2,370 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of ADT by 29.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,635 shares of the security and automation business's stock worth $110,000 after acquiring an additional 3,129 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company's stock.

Analyst Ratings Changes

ADT has been the topic of several recent analyst reports. Wall Street Zen upgraded ADT from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research upgraded 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 assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.34.

ADT Trading Down 0.8%

Shares of ADT traded down $0.07 during trading hours on Friday, reaching $8.58. The stock had a trading volume of 22,313,181 shares, compared to its average volume of 9,130,221. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. ADT Inc. has a 52 week low of $6.68 and a 52 week high of $8.94. The firm has a 50-day moving average of $8.58 and a 200 day moving average of $8.28. The company has a market cap of $7.13 billion, a P/E ratio of 13.00 and a beta of 1.13.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $0.17 EPS. The company'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, sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. ADT's dividend payout ratio (DPR) is currently 33.33%.

Insider Activity

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were 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 trade represents a 38.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.70% of the company's stock.

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.