ADT Inc. (NYSE:ADT) Shares Acquired by Burkehill Global Management LP

Key Points

• Burkehill Global Management LP increased its stake in ADT Inc. by 25%, acquiring an additional 500,000 shares, which now totals 2.5 million shares.
• ADT recently announced a quarterly dividend of $0.055 per share, with shareholders set to receive it on October 2nd, representing an annualized yield of 2.6%.
• ADT's quarterly earnings surpassed expectations, reporting an EPS of $0.23, beating the consensus estimate of $0.19, and achieved revenue of $1.29 billion, a 6.8% increase year-over-year.

Burkehill Global Management LP raised its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 25.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,500,000 shares of the security and automation business's stock after buying an additional 500,000 shares during the quarter. ADT comprises about 1.5% of Burkehill Global Management LP's investment portfolio, making the stock its 22nd largest holding. Burkehill Global Management LP owned approximately 0.30% of ADT worth $20,350,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Atlas Capital Advisors Inc. acquired a new position in ADT in the 1st quarter worth approximately $251,000. Swiss National Bank increased its holdings in ADT by 11.9% in the 1st quarter. Swiss National Bank now owns 660,521 shares of the security and automation business's stock worth $5,377,000 after buying an additional 70,500 shares during the period. Headlands Technologies LLC increased its holdings in ADT by 229.2% in the 1st quarter. Headlands Technologies LLC now owns 29,735 shares of the security and automation business's stock worth $242,000 after buying an additional 20,702 shares during the period. Vanguard Group Inc. increased its holdings in ADT by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business's stock worth $404,688,000 after buying an additional 5,160,835 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in ADT in the 1st quarter worth approximately $225,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Trading Up 1.4%

Shares of NYSE:ADT traded up $0.12 during midday trading on Wednesday, reaching $8.63. 808,091 shares of the company's stock were exchanged, compared to its average volume of 15,102,319. The firm's 50 day simple moving average is $8.39 and its two-hundred day simple moving average is $8.07. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 13.07 and a beta of 1.20. ADT Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $8.80.

ADT (NYSE:ADT - Get Free Report) last released its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. ADT had a return on equity of 18.58% and a net margin of 12.30%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $0.17 EPS. ADT's revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts forecast that ADT Inc. will post 0.7 EPS 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. The ex-dividend date is Thursday, September 11th. This represents a $0.22 annualized dividend and a yield of 2.6%. ADT's payout ratio is presently 33.33%.

Insiders Place Their Bets

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the sale, the insider owned 112,650,366 shares in the company, valued at $936,124,541.46. The trade was a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

ADT has been the topic of several research reports. Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley raised their price objective on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, ADT currently has an average rating of "Hold" and an average target price of $9.18.

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.