LSV Asset Management Acquires 1,701,861 Shares of ADT Inc. (NYSE:ADT)

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 ADT Inc. (NYSE:ADT - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,545,184 shares of the security and automation business's stock after purchasing an additional 1,701,861 shares during the period. LSV Asset Management owned about 1.50% of ADT worth $102,118,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Zimmer Partners LP purchased a new position in shares of ADT in the fourth quarter worth about $48,687,000. Dimensional Fund Advisors LP raised its holdings in ADT by 31.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business's stock valued at $148,246,000 after acquiring an additional 5,089,056 shares during the period. Victory Capital Management Inc. lifted its position in shares of ADT by 1,647.8% during the first quarter. Victory Capital Management Inc. now owns 3,346,949 shares of the security and automation business's stock worth $27,244,000 after acquiring an additional 3,155,454 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of ADT during the fourth quarter worth $13,349,000. Finally, Lazard Asset Management LLC grew its position in shares of ADT by 295.7% in the fourth quarter. Lazard Asset Management LLC now owns 2,022,358 shares of the security and automation business's stock valued at $13,973,000 after purchasing an additional 1,511,327 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ADT shares. Wall Street Zen cut ADT from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley upped their target price on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price target on shares of ADT in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, ADT has a consensus rating of "Hold" and an average target price of $9.18.

ADT Trading Up 0.1%

Shares of NYSE:ADT traded up $0.01 during trading on Thursday, reaching $8.59. 1,038,516 shares of the company traded hands, compared to its average volume of 15,271,140. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 13.01 and a beta of 1.20. ADT Inc. has a 52-week low of $6.68 and a 52-week high of $8.80. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The business's fifty day moving average is $8.39 and its 200-day moving average is $8.04.

ADT (NYSE:ADT - Get Free Report) last released 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 firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year. As a group, analysts forecast that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. ADT's dividend payout ratio (DPR) is 33.33%.

Insider Activity at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $8.31, for a total value of $590,010,000.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 166,000,000 shares of company stock valued at $1,363,160,000 over the last 90 days. 2.70% of the stock is owned by company 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.