ADT Inc. (NYSE:ADT) Shares Bought by LSV Asset Management

Key Points

• LSV Asset Management increased its stake in ADT Inc. by 15.7%, owning over 12.5 million shares valued at approximately $102.12 million as of the latest quarter.
• ADT reported an earnings per share of $0.23 for the last quarter, surpassing analysts' expectations and showing a 6.8% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.055, providing a 2.7% dividend yield for investors, with plans to distribute the dividend on October 2nd.

LSV Asset Management boosted its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 15.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,545,184 shares of the security and automation business's stock after purchasing an additional 1,701,861 shares during the quarter. LSV Asset Management owned approximately 1.50% of ADT worth $102,118,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Alberta Investment Management Corp purchased a new position in ADT during the first quarter worth approximately $1,853,000. XTX Topco Ltd raised its holdings in shares of ADT by 1,362.1% during the first quarter. XTX Topco Ltd now owns 264,167 shares of the security and automation business's stock valued at $2,150,000 after acquiring an additional 246,099 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of ADT by 289.8% during the first quarter. GSA Capital Partners LLP now owns 175,015 shares of the security and automation business's stock valued at $1,425,000 after acquiring an additional 130,111 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of ADT by 173.4% during the first quarter. Federated Hermes Inc. now owns 28,978 shares of the security and automation business's stock valued at $236,000 after acquiring an additional 18,378 shares during the last quarter. Finally, Maridea Wealth Management LLC acquired a new position in shares of ADT during the first quarter valued at approximately $485,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

ADT Price Performance

Shares of NYSE:ADT traded down $0.11 during midday trading on Tuesday, hitting $8.35. The company had a trading volume of 967,779 shares, compared to its average volume of 15,313,755. ADT Inc. has a twelve month low of $6.68 and a twelve month high of $8.80. 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 stock has a market cap of $6.94 billion, a price-to-earnings ratio of 12.63 and a beta of 1.20. The business's 50-day simple moving average is $8.38 and its 200-day simple moving average is $8.03.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. ADT had a return on equity of 18.58% and a net margin of 12.30%. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the firm earned $0.17 earnings per share. The business's revenue for the quarter was up 6.8% on a year-over-year basis. On average, research analysts predict that ADT Inc. will post 0.7 earnings per share for the current 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 issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 11th. ADT's dividend payout ratio (DPR) is currently 33.33%.

Analysts Set New Price Targets

A number of equities analysts have commented on ADT shares. Royal Bank Of Canada reissued a "sector perform" rating and set a $9.00 target price on shares of ADT in a report on Monday, April 21st. Wall Street Zen cut ADT from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Morgan Stanley increased their target price on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a report on Monday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $9.18.

Insider Activity 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 sale, the insider owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. This trade represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 166,000,000 shares of company stock valued at $1,363,160,000 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

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.