Jane Street Group LLC Boosts Holdings in ADT Inc. $ADT

Key Points

• Jane Street Group LLC significantly increased its stake in ADT Inc. by 7,745.1% in the first quarter, now owning approximately 0.41% of the company valued at $28 million.
• ADT reported an earnings per share (EPS) of $0.23 for the last quarter, surpassing analysts' expectations, with revenue up 6.8% year-over-year at $1.29 billion.
• The company recently announced a quarterly dividend of $0.055 per share, which yields 2.5% annually, with a payout ratio of 33.33%.

Jane Street Group LLC grew its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 7,745.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,444,613 shares of the security and automation business's stock after acquiring an additional 3,400,705 shares during the period. Jane Street Group LLC owned about 0.41% of ADT worth $28,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of ADT by 11.6% during the first quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business's stock valued at $404,688,000 after acquiring an additional 5,160,835 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in ADT by 21.6% during the first 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 buying an additional 4,624,120 shares during the period. AQR Capital Management LLC increased its holdings in ADT by 86.6% during the first quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business's stock valued at $105,543,000 after buying an additional 6,089,671 shares during the period. LSV Asset Management increased its holdings in ADT by 15.7% during the first quarter. LSV Asset Management now owns 12,545,184 shares of the security and automation business's stock valued at $102,118,000 after buying an additional 1,701,861 shares during the period. Finally, Millennium Management LLC increased its holdings in ADT by 668.5% during the first quarter. Millennium Management LLC now owns 7,504,051 shares of the security and automation business's stock valued at $61,083,000 after buying an additional 6,527,539 shares during the period. Institutional investors own 87.22% of the company's stock.

Insider Transactions at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company'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 completion of the sale, the insider owned 112,650,366 shares of the company's stock, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Zacks Research raised shares of ADT to a "strong-buy" rating in a report on Tuesday, August 12th. Wall Street Zen lowered shares of ADT from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Citigroup lifted their price target on shares of ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Finally, Morgan Stanley lifted their price target on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.34.

ADT Price Performance

Shares of ADT stock traded up $0.05 during trading hours on Thursday, reaching $8.66. The stock had a trading volume of 3,753,545 shares, compared to its average volume of 14,358,445. The stock's 50 day moving average is $8.58 and its 200 day moving average is $8.27. The firm has a market capitalization of $7.19 billion, a PE ratio of 13.11 and a beta of 1.13. ADT Inc. has a twelve month low of $6.68 and a twelve month high of $8.94. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. The company'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 expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

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

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.