XTX Topco Ltd Acquires 246,099 Shares of ADT Inc. (NYSE:ADT)

Key Points

• XTX Topco Ltd increased its stock holdings in ADT Inc. by 1,362.1% during the 1st quarter, acquiring a total of 264,167 shares valued at approximately $2.15 million.
• A notable institutional investor, Apollo Management Holdings Gp, sold 71 million shares of ADT stock in a transaction worth $590 million, reducing its ownership by 38.66%.
• Analysts set new price targets for ADT, with Morgan Stanley increasing its target from $9 to $9.50, and Barclays raising its target from $7 to $9, indicating a positive outlook for the stock.

XTX Topco Ltd boosted its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 1,362.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 264,167 shares of the security and automation business's stock after buying an additional 246,099 shares during the quarter. XTX Topco Ltd's holdings in ADT were worth $2,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in ADT by 20.6% during the 4th quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock worth $307,876,000 after buying an additional 7,610,709 shares during the period. Dimensional Fund Advisors LP lifted 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 worth $148,246,000 after buying an additional 5,089,056 shares during the period. LSV Asset Management lifted its holdings in ADT by 5.1% during the 4th quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business's stock worth $74,927,000 after buying an additional 523,333 shares during the period. Zimmer Partners LP acquired a new position in ADT during the 4th quarter worth about $48,687,000. Finally, AQR Capital Management LLC lifted its holdings in ADT by 26.0% during the 4th quarter. AQR Capital Management LLC now owns 7,029,427 shares of the security and automation business's stock worth $48,573,000 after buying an additional 1,451,154 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADT. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $7.00 to $9.00 in a research note on Friday, April 4th. Morgan Stanley boosted their price objective on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research note on Monday. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a research note on Monday, April 21st.

ADT Stock Down 0.6%

ADT traded down $0.05 during midday trading on Friday, reaching $8.30. 17,647,102 shares of the company were exchanged, compared to its average volume of 12,678,807. 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 company's fifty day moving average price is $8.37 and its 200 day moving average price is $8.00. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 12.58 and a beta of 1.20. ADT Inc. has a one year low of $6.53 and a one year high of $8.80.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. ADT had a return on equity of 18.58% and a net margin of 12.30%. The company's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. As a group, analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued 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 2.7%. ADT's dividend payout ratio is currently 33.33%.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. This represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 166,000,000 shares of company stock valued at $1,363,160,000 over the last three months. Corporate insiders own 2.70% of the company's stock.

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.