Bailard Inc. Invests $301,000 in ADT Inc. (NYSE:ADT)

Bailard Inc. purchased a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,000 shares of the security and automation business's stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in ADT in the 1st quarter valued at $35,000. True Wealth Design LLC bought a new stake in ADT in the 4th quarter valued at $36,000. Headlands Technologies LLC bought a new stake in ADT in the 4th quarter valued at $62,000. Magnetar Financial LLC acquired a new stake in ADT in the 4th quarter valued at $73,000. Finally, Federated Hermes Inc. increased its stake in ADT by 15.8% in the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after buying an additional 1,449 shares during the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Stock Performance

Shares of ADT stock traded up $0.04 during trading on Tuesday, hitting $8.47. 7,790,556 shares of the stock were exchanged, compared to its average volume of 10,786,808. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 14.59 and a beta of 1.21. The company has a fifty day moving average price of $8.38 and a 200-day moving average price of $7.94. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.72. The company has a current ratio of 0.77, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. ADT had a net margin of 11.03% and a return on equity of 17.23%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business earned $0.16 EPS. ADT's quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Thursday, June 12th were paid a $0.055 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.60%. ADT's dividend payout ratio (DPR) is currently 37.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $9.00 price target on shares of ADT in a research note on Monday, April 21st. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $7.00 to $9.00 in a research note on Friday, April 4th.

Insider Buying and Selling

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $8.02, for a total value of $401,000,000.00. Following the completion of the sale, the insider owned 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. The trade was a 17.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company's stock.

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.