Ghisallo Capital Management LLC Invests $4.07 Million in ADT Inc. $ADT

Key Points

• Ghisallo Capital Management LLC acquired 500,000 shares of ADT Inc. for around $4.07 million, increasing its ownership to 0.06% of the company according to SEC filings.
• The company reported a quarterly earnings of $0.23 EPS, surpassing analysts' estimates, and has set a target for FY 2025 EPS between 0.810 and 0.890.
• ADT also declared a quarterly dividend of $0.055 per share, yielding 2.5%, with shareholders of record set for payment on October 2nd.

Ghisallo Capital Management LLC acquired a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 500,000 shares of the security and automation business's stock, valued at approximately $4,070,000. Ghisallo Capital Management LLC owned about 0.06% of ADT as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of 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 valued at $404,688,000 after purchasing an additional 5,160,835 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of ADT by 21.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business's stock valued at $212,264,000 after purchasing an additional 4,624,120 shares during the last quarter. LSV Asset Management lifted its stake in shares of ADT by 15.7% in the 1st quarter. LSV Asset Management now owns 12,545,184 shares of the security and automation business's stock valued at $102,118,000 after purchasing an additional 1,701,861 shares during the last quarter. Zimmer Partners LP acquired a new position in shares of ADT in the 4th quarter valued at $48,687,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of ADT by 11.1% in the 1st quarter. Bank of New York Mellon Corp now owns 6,072,596 shares of the security and automation business's stock valued at $49,431,000 after purchasing an additional 608,445 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm's stock in a transaction 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 transaction, the insider owned 112,650,366 shares of the company's stock, valued at approximately $936,124,541.46. This trade represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

ADT Stock Up 0.8%

Shares of ADT traded up $0.07 during mid-day trading on Wednesday, reaching $8.66. The company's stock had a trading volume of 10,774,327 shares, compared to its average volume of 9,010,659. ADT Inc. has a 12-month low of $6.68 and a 12-month high of $8.86. The stock has a market cap of $7.19 billion, a PE ratio of 13.11 and a beta of 1.13. 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 company's 50 day moving average is $8.53 and its 200 day moving average is $8.19.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Equities analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 annualized dividend and a yield of 2.5%. ADT's payout ratio is currently 33.33%.

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.