Quantinno Capital Management LP Grows Stock Holdings in ADT Inc. (NYSE:ADT)

Quantinno Capital Management LP raised its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 112.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 172,960 shares of the security and automation business's stock after buying an additional 91,591 shares during the quarter. Quantinno Capital Management LP's holdings in ADT were worth $1,195,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of ADT during the fourth quarter valued at about $62,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ADT during the fourth quarter valued at about $73,000. Magnetar Financial LLC purchased a new stake in shares of ADT during the fourth quarter valued at about $73,000. Federated Hermes Inc. lifted its position in shares of ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after buying an additional 1,449 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of ADT in the 4th quarter valued at approximately $74,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ADT. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a research report on Monday, April 21st.

Insiders Place Their Bets

In other news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the sale, the insider now owns 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. This trade represents a 17.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by insiders.

ADT Stock Performance

ADT opened at $8.15 on Friday. ADT Inc. has a 12-month low of $6.53 and a 12-month high of $8.71. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $6.82 billion, a PE ratio of 8.86 and a beta of 1.29. The firm has a 50 day moving average of $8.06 and a two-hundred day moving average of $7.63.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm posted $0.16 EPS. ADT's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts anticipate that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio is presently 37.93%.

ADT Company 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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