AQR Capital Management LLC Raises Position in ADT Inc. $ADT

Key Points

• AQR Capital Management LLC has significantly increased its holdings in ADT Inc. by 86.6%, now owning 1.57% of the company valued at approximately $105.54 million.
• Wall Street analysts have shown confidence in ADT, with ratings upgraded to "strong-buy" and a consensus price target of $9.34 for the stock.
• ADT has announced a quarterly dividend of $0.055 per share, translating to an annual yield of 2.5%, with a payout ratio of 33.33%.

AQR Capital Management LLC increased its position in ADT Inc. (NYSE:ADT - Free Report) by 86.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,119,098 shares of the security and automation business's stock after acquiring an additional 6,089,671 shares during the period. AQR Capital Management LLC owned about 1.57% of ADT worth $105,543,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC grew its holdings in shares of ADT by 7,745.1% in the first quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business's stock worth $28,039,000 after acquiring an additional 3,400,705 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of ADT by 366.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business's stock worth $606,000 after acquiring an additional 58,292 shares during the period. Amalgamated Bank grew its holdings in ADT by 36.8% during the first quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business's stock valued at $160,000 after purchasing an additional 5,287 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in ADT by 93.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business's stock valued at $1,732,000 after purchasing an additional 102,538 shares during the period. Finally, American Century Companies Inc. grew its holdings in ADT by 259.5% during the first quarter. American Century Companies Inc. now owns 613,889 shares of the security and automation business's stock valued at $4,997,000 after purchasing an additional 443,121 shares during the period. Institutional investors own 87.22% of the company's stock.

Insider Activity at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction dated 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 directly owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

ADT Price Performance

Shares of NYSE:ADT traded down $0.02 during mid-day trading on Tuesday, reaching $8.60. The stock had a trading volume of 6,951,818 shares, compared to its average volume of 14,609,421. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The company has a market cap of $7.15 billion, a P/E ratio of 13.03 and a beta of 1.13. ADT Inc. has a 1 year low of $6.68 and a 1 year high of $8.89. The business's 50 day moving average price is $8.55 and its 200 day moving average price is $8.23.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results 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. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. ADT had a return on equity of 18.58% and a net margin of 12.30%.The firm's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Research analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, September 11th. ADT's payout ratio is currently 33.33%.

Analyst Ratings Changes

ADT has been the subject of several recent research reports. Morgan Stanley boosted their price target on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a report on Monday, July 28th. Citigroup boosted their price target on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Wall Street Zen lowered ADT from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, Zacks Research raised ADT to a "strong-buy" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, ADT presently has a consensus rating of "Moderate Buy" and an average price target of $9.34.

ADT Company Profile

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.