XTX Topco Ltd Has $2.15 Million Holdings in 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 increased its holdings in ADT Inc. (NYSE:ADT - Free Report) by 1,362.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 264,167 shares of the security and automation business's stock after purchasing an additional 246,099 shares during the period. XTX Topco Ltd's holdings in ADT were worth $2,150,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in ADT by 20.6% in the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock valued at $307,876,000 after buying an additional 7,610,709 shares during the last quarter. Zimmer Partners LP purchased a new position in shares of ADT during the 4th quarter worth $48,687,000. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 5,089,056 shares during the last quarter. Victory Capital Management Inc. grew its position in ADT by 1,647.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,346,949 shares of the security and automation business's stock valued at $27,244,000 after acquiring an additional 3,155,454 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in ADT in the 4th quarter valued at about $13,349,000. Institutional investors own 87.22% of the company's stock.

Insider Buying and Selling at ADT

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 sale, the insider directly owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 166,000,000 shares of company stock worth $1,363,160,000. 2.70% of the stock is currently owned by insiders.

ADT Stock Up 1.5%

Shares of ADT stock traded up $0.13 during trading hours on Monday, reaching $8.43. The company had a trading volume of 3,625,291 shares, compared to its average volume of 15,335,156. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.80. The stock's fifty day simple moving average is $8.37 and its 200 day simple moving average is $8.02. 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 has a market capitalization of $7.00 billion, a P/E ratio of 12.78 and a beta of 1.20.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The business 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 business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS. As a group, sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

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

Analysts Set New Price Targets

ADT has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Wall Street Zen lowered ADT from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $9.18.

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.