Victory Capital Management Inc. Has $27.24 Million Stake in ADT Inc. (NYSE:ADT)

Victory Capital Management Inc. grew its holdings in ADT Inc. (NYSE:ADT - Free Report) by 1,647.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,346,949 shares of the security and automation business's stock after acquiring an additional 3,155,454 shares during the quarter. Victory Capital Management Inc. owned 0.38% of ADT worth $27,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its stake in shares of ADT by 124.0% in the first quarter. CWM LLC now owns 335,034 shares of the security and automation business's stock valued at $2,727,000 after buying an additional 185,476 shares during the period. New York State Common Retirement Fund increased its position in ADT by 20.4% during the 1st quarter. New York State Common Retirement Fund now owns 206,476 shares of the security and automation business's stock valued at $1,681,000 after purchasing an additional 35,000 shares during the period. Arizona State Retirement System increased its position in ADT by 12.3% during the 1st quarter. Arizona State Retirement System now owns 97,786 shares of the security and automation business's stock valued at $796,000 after purchasing an additional 10,727 shares during the period. Xponance Inc. increased its position in ADT by 22.1% during the 1st quarter. Xponance Inc. now owns 18,407 shares of the security and automation business's stock valued at $150,000 after purchasing an additional 3,330 shares during the period. Finally, Cerity Partners LLC increased its position in ADT by 82.5% during the 1st quarter. Cerity Partners LLC now owns 256,646 shares of the security and automation business's stock valued at $2,089,000 after purchasing an additional 115,987 shares during the period. Institutional investors own 87.22% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ADT shares. Royal Bank Of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research note on Monday, April 21st. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $7.00 to $9.00 in a research report on Friday, April 4th.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $8.02, for a total value of $401,000,000.00. Following the completion of the transaction, the insider owned 228,650,366 shares of the company's stock, valued at approximately $1,833,775,935.32. This represents a 17.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by company insiders.

ADT Price Performance

Shares of ADT stock opened at $8.45 on Tuesday. ADT Inc. has a 52-week low of $6.53 and a 52-week high of $8.72. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.77. The firm has a market capitalization of $7.06 billion, a P/E ratio of 14.56 and a beta of 1.21. The stock has a 50 day moving average price of $8.38 and a 200 day moving average price of $7.94.

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

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th were issued a $0.055 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.61%. ADT's dividend payout ratio (DPR) is presently 37.93%.

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.

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