Lecap Asset Management Ltd. Makes New $739,000 Investment in ADT Inc. (NYSE:ADT)

Lecap Asset Management Ltd. purchased a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 90,779 shares of the security and automation business's stock, valued at approximately $739,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its stake in ADT by 10.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 100,600 shares of the security and automation business's stock worth $819,000 after buying an additional 9,700 shares during the last quarter. Praxis Investment Management Inc. acquired a new stake in ADT during the 1st quarter worth approximately $103,000. Advisor Resource Council purchased a new position in shares of ADT in the 1st quarter valued at approximately $2,216,000. Janney Montgomery Scott LLC increased its holdings in shares of ADT by 16.7% in the first quarter. Janney Montgomery Scott LLC now owns 152,635 shares of the security and automation business's stock valued at $1,242,000 after purchasing an additional 21,797 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in shares of ADT by 54.4% in the first quarter. Sound Income Strategies LLC now owns 883,982 shares of the security and automation business's stock valued at $7,196,000 after purchasing an additional 311,421 shares during the period. Hedge funds and other institutional investors own 87.22% of the company's stock.

ADT Stock Performance

Shares of NYSE:ADT traded up $0.04 during trading on Friday, reaching $8.44. The company had a trading volume of 17,281,717 shares, compared to its average volume of 10,379,542. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 14.54 and a beta of 1.23. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.77 and a quick ratio of 0.60. The stock's fifty day moving average price is $8.24 and its 200 day moving average price is $7.77. ADT Inc. has a fifty-two week low of $6.53 and a fifty-two week high of $8.72.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. ADT had a return on equity of 17.23% and a net margin of 11.03%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. As a group, equities research analysts predict that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be issued a $0.055 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.61%. ADT's dividend payout ratio is currently 37.93%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $7.00 to $9.00 in a report on Friday, April 4th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $9.00 target price on shares of ADT in a report on Monday, April 21st.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of ADT stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $8.27, for a total transaction of $372,150,000.00. Following the completion of the transaction, the insider now directly owns 183,650,366 shares of the company's stock, valued at approximately $1,518,788,526.82. The trade was a 19.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.70% of the company's stock.

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.