ADT Inc. $ADT Shares Bought by Jane Street Group LLC

Key Points

• Jane Street Group LLC significantly increased its stake in ADT Inc. by 7,745.1%, acquiring a total of 3,444,613 shares worth approximately $28 million.
• ADT reported a quarterly earnings per share (EPS) of $0.23, exceeding consensus estimates of $0.19, along with a revenue of $1.29 billion, marking a 6.8% increase from the previous year.
• The company is set to pay a quarterly dividend of $0.055, which reflects a dividend yield of 2.5% and a payout ratio of 33.33%.

Jane Street Group LLC grew its stake in ADT Inc. (NYSE:ADT - Free Report) by 7,745.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,444,613 shares of the security and automation business's stock after purchasing an additional 3,400,705 shares during the quarter. Jane Street Group LLC owned approximately 0.41% of ADT worth $28,039,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in shares of ADT in the first quarter valued at about $35,000. True Wealth Design LLC acquired a new position in ADT during the fourth quarter worth about $36,000. AlphaQuest LLC boosted its position in ADT by 80.9% during 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 during the last quarter. Quarry LP acquired a new position in ADT during the fourth quarter worth about $80,000. Finally, Northwest Wealth Management LLC acquired a new position in ADT during the first quarter worth about $87,000. Institutional investors and hedge funds own 87.22% of the company's stock.

Insiders Place Their Bets

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 shares were sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the sale, the insider directly owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. This represents a 38.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of ADT from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Zacks Research upgraded shares of ADT to a "strong-buy" rating in a report on Tuesday, August 12th. Citigroup boosted their target price on shares of ADT from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Finally, Morgan Stanley boosted their target price on shares of ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.34.

ADT Trading Up 0.2%

Shares of ADT stock traded up $0.02 on Monday, reaching $8.70. The company had a trading volume of 7,020,032 shares, compared to its average volume of 9,756,304. ADT Inc. has a 52-week low of $6.68 and a 52-week high of $8.86. The firm's 50 day moving average price is $8.51 and its two-hundred day moving average price is $8.18. The firm has a market cap of $7.23 billion, a PE ratio of 13.17 and a beta of 1.13. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46.

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

ADT Dividend Announcement

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

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.