ADT Inc. $ADT Shares Sold by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd cut its ADT stake by 74.5% in the second quarter, selling 728,980 shares and retaining 249,801 shares valued at approximately $1.62 million.
• Despite Winton’s reduction, other institutions increased their positions, and hedge funds and institutional investors collectively own 87.22% of ADT.
• ADT exceeded quarterly earnings and revenue expectations, reporting $0.23 EPS and $1.31 billion in revenue. The company also declared a $0.055 quarterly dividend, while analysts maintained a consensus “Hold” rating with an average price target of $8.23.

WINTON GROUP Ltd trimmed its holdings in ADT Inc. (NYSE:ADT - Free Report) by 74.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 249,801 shares of the security and automation business's stock after selling 728,980 shares during the period. WINTON GROUP Ltd's holdings in ADT were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in shares of ADT by 24.3% in the fourth quarter. AQR Capital Management LLC now owns 44,938,803 shares of the security and automation business's stock valued at $361,308,000 after purchasing an additional 8,778,704 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ADT by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 39,887,288 shares of the security and automation business's stock valued at $262,054,000 after acquiring an additional 3,529,422 shares during the last quarter. LSV Asset Management increased its position in ADT by 8.5% during the 4th quarter. LSV Asset Management now owns 27,837,737 shares of the security and automation business's stock worth $224,651,000 after purchasing an additional 2,191,531 shares in the last quarter. Norges Bank purchased a new stake in ADT during the 4th quarter worth about $192,996,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in ADT by 27.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 17,476,972 shares of the security and automation business's stock valued at $152,224,000 after purchasing an additional 3,783,455 shares during the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Stock Performance

NYSE ADT opened at $7.04 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.69 and a quick ratio of 0.52. ADT Inc. has a 1-year low of $6.24 and a 1-year high of $8.94. The firm has a market capitalization of $5.15 billion, a P/E ratio of 9.92 and a beta of 1.02. The business's 50-day simple moving average is $7.26 and its 200-day simple moving average is $6.99.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The security and automation business reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. ADT had a net margin of 11.85% and a return on equity of 18.99%. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the company posted $0.23 earnings per share. ADT's revenue was up 1.9% compared to the same quarter last year. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. Equities analysts predict that ADT Inc. will post 0.9 EPS for the current year.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.22 annualized dividend and a dividend yield of 3.1%. ADT's dividend payout ratio is presently 30.99%.

Analyst Upgrades and Downgrades

ADT has been the topic of several analyst reports. BTIG Research started coverage on shares of ADT in a research note on Monday, August 17th. They set a "neutral" rating on the stock. Morgan Stanley boosted their price target on ADT from $7.50 to $7.75 and gave the company an "equal weight" rating in a report on Friday, July 31st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of ADT in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ADT has a consensus rating of "Hold" and an average price target of $8.23.

ADT Profile

ADT Inc NYSE: ADT is a provider of security, automation and smart-home solutions for residential and commercial customers. The company offers professionally installed and monitored alarm systems, video surveillance, fire and life-safety products, access-control solutions, and home-automation services.

For residential customers, ADT provides security systems that can integrate alarms, cameras, locks, lighting, thermostats and other connected devices. Its services generally include 24-hour professional monitoring, mobile-app controls, video monitoring and related support.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.