Amundi Acquires 1,475,926 Shares of ADT Inc. $ADT

Key Points

• Amundi increased its ADT stake by 1,475,926 shares in the second quarter, a 1,033.8% rise, bringing its holdings to 1.62 million shares valued at approximately $10.5 million.
• Institutional ownership remains substantial at 87.22%, with major investors including Norges Bank, AQR Capital Management, Wasatch Advisors, and Zimmer Partners also increasing or initiating positions.
• ADT beat quarterly earnings and revenue expectations, while maintaining a “Hold” consensus analyst rating. The company also declared a quarterly dividend of $0.055 per share, implying a 3.1% annual yield.

Amundi raised its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 1,033.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,618,696 shares of the security and automation business's stock after purchasing an additional 1,475,926 shares during the quarter. Amundi owned 0.22% of ADT worth $10,522,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ADT. Norges Bank purchased a new position in ADT in the 4th quarter worth about $192,996,000. AQR Capital Management LLC boosted its position in ADT by 124.6% in the 3rd quarter. AQR Capital Management LLC now owns 36,160,099 shares of the security and automation business's stock valued at $314,954,000 after buying an additional 20,062,625 shares during the period. Wasatch Advisors LP bought a new position in ADT in the 4th quarter worth about $56,927,000. Bank of New York Mellon Corp bought a new position in ADT in the 2nd quarter worth about $34,130,000. Finally, Zimmer Partners LP increased its position in shares of ADT by 164.8% during the third quarter. Zimmer Partners LP now owns 8,077,811 shares of the security and automation business's stock worth $70,358,000 after acquiring an additional 5,026,754 shares during the period. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Price Performance

NYSE ADT opened at $7.04 on Friday. The company has a market cap of $5.15 billion, a PE ratio of 9.92 and a beta of 1.02. ADT Inc. has a 52-week low of $6.24 and a 52-week high of $8.94. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.52 and a current ratio of 0.69. The firm's 50 day moving average price is $7.26 and its 200-day moving average price is $6.99.

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

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, September 10th. ADT's dividend payout ratio is 30.99%.

Wall Street Analyst Weigh In

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

About ADT

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.

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