MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $7.51 Million Position in ADT Inc. $ADT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in ADT Inc. by 7.6%, owning approximately 923,016 shares valued at about $7.5 million as of the latest SEC filing.
• ADT recently reported earnings of $0.23 per share, which surpassed analysts' expectations, and the company has a revenue growth of 6.8% year-over-year for the quarter.
• A quarterly dividend of $0.055 per share has been declared, with a payout scheduled for October 2nd and a yield of 2.6% for the upcoming year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 7.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 923,016 shares of the security and automation business's stock after purchasing an additional 65,565 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.11% of ADT worth $7,513,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings 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 worth $404,688,000 after purchasing an additional 5,160,835 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 worth $212,264,000 after purchasing an additional 4,624,120 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of 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 worth $105,543,000 after purchasing an additional 6,089,671 shares during the last quarter. LSV Asset Management grew its holdings in shares of 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 worth $102,118,000 after purchasing an additional 1,701,861 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of ADT during the fourth quarter worth $48,687,000. Institutional investors own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

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

ADT Trading Down 0.9%

NYSE:ADT traded down $0.08 during mid-day trading on Tuesday, hitting $8.69. The company had a trading volume of 7,453,400 shares, compared to its average volume of 9,235,073. ADT Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $8.94. The business's fifty day moving average is $8.58 and its two-hundred day moving average is $8.27. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. The firm has a market cap of $7.22 billion, a P/E ratio of 13.17 and a beta of 1.13.

ADT (NYSE:ADT - Get Free Report) last released its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share 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 for 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 company's quarterly revenue was up 6.8% on a year-over-year basis. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, research analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. ADT's dividend payout ratio (DPR) is currently 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 transaction of $590,010,000.00. Following 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 document filed with the SEC, 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.