3,878,693 Shares in ADT Inc. $ADT Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC has invested approximately $31.57 million in ADT Inc., acquiring over 3.8 million shares, representing about 0.46% of the company's total stock.
• Multiple institutional investors have significantly increased their holdings in ADT, with Allspring Global Investments boosting its stake by 366.3% in the first quarter.
• ADT recently announced a quarterly dividend of $0.055 per share, indicating an annual yield of 2.5%, which will be paid to shareholders of record on September 11th.

Cubist Systematic Strategies LLC purchased a new stake in ADT Inc. (NYSE:ADT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,878,693 shares of the security and automation business's stock, valued at approximately $31,573,000. Cubist Systematic Strategies LLC owned 0.46% of ADT as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ADT. Versant Capital Management Inc purchased a new stake in ADT in the 1st quarter valued at approximately $35,000. True Wealth Design LLC purchased a new position in shares of ADT during the 4th quarter worth $36,000. AlphaQuest LLC lifted its stake in shares of ADT by 80.9% during the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock worth $43,000 after purchasing an additional 2,370 shares during the period. Northwest Wealth Management LLC purchased a new position in shares of ADT during the 1st quarter worth $87,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of ADT during the 4th quarter worth $88,000. Institutional investors and hedge funds own 87.22% of the company's stock.

Insider Buying and Selling

In other 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 shares were sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the transaction, the insider owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

ADT Stock Performance

Shares of NYSE:ADT traded up $0.07 during trading hours on Wednesday, hitting $8.66. The stock had a trading volume of 10,774,327 shares, compared to its average volume of 9,010,659. The stock's fifty day simple moving average is $8.53 and its 200 day simple moving average is $8.19. ADT Inc. has a 1-year low of $6.68 and a 1-year high of $8.86. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 13.11 and a beta of 1.13. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46.

ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm posted $0.17 earnings per share. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Sell-side analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

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 issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, September 11th. ADT's dividend payout ratio (DPR) is 33.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ADT shares. Citigroup upped their price objective on ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Zacks Research upgraded ADT to a "strong-buy" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded ADT from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Morgan Stanley upped their price objective on ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, ADT currently has an average rating of "Moderate Buy" and an average price target of $9.34.

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.