Jane Street Group LLC Raises Stake 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 boosted its position in ADT Inc. (NYSE:ADT - Free Report) by 7,745.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,444,613 shares of the security and automation business's stock after buying an additional 3,400,705 shares during the quarter. Jane Street Group LLC owned approximately 0.41% of ADT worth $28,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of ADT. Northern Trust Corp boosted its stake in ADT by 22.0% in the fourth quarter. Northern Trust Corp now owns 2,192,589 shares of the security and automation business's stock worth $15,151,000 after buying an additional 394,794 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in ADT by 22.1% in the fourth quarter. Ameriprise Financial Inc. now owns 456,839 shares of the security and automation business's stock worth $3,157,000 after buying an additional 82,623 shares in the last quarter. Bank of America Corp DE lifted its position in ADT by 48.8% in the fourth quarter. Bank of America Corp DE now owns 1,642,263 shares of the security and automation business's stock valued at $11,348,000 after purchasing an additional 538,939 shares during the last quarter. Captrust Financial Advisors lifted its position in ADT by 133.1% in the fourth quarter. Captrust Financial Advisors now owns 55,356 shares of the security and automation business's stock valued at $383,000 after purchasing an additional 31,610 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in ADT by 2,170.1% in the fourth quarter. Deutsche Bank AG now owns 370,477 shares of the security and automation business's stock valued at $2,560,000 after purchasing an additional 354,157 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company's stock.

ADT Price Performance

Shares of ADT stock opened at $8.81 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The company has a market cap of $7.32 billion, a PE ratio of 13.35 and a beta of 1.13. The business has a 50 day moving average of $8.57 and a 200 day moving average of $8.25. ADT Inc. has a 52 week low of $6.68 and a 52 week high of $8.89.

ADT (NYSE:ADT - Get Free Report) last announced its earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. ADT had a return on equity of 18.58% and a net margin of 12.30%.The firm's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, equities research analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

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 issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, September 11th. ADT's dividend payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

ADT has been the subject of several recent research reports. Wall Street Zen downgraded ADT from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Zacks Research upgraded ADT to a "strong-buy" rating in a research report on Tuesday, August 12th. Morgan Stanley boosted their price objective on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Finally, Citigroup boosted their price objective on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $9.34.

Insider Activity at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company'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 transaction, the insider owned 112,650,366 shares in the company, valued at $936,124,541.46. This represents a 38.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

ADT 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.

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