Y Intercept Hong Kong Ltd Makes New Investment in ADT Inc. (NYSE:ADT)

Y Intercept Hong Kong Ltd purchased a new position in shares of ADT Inc. (NYSE:ADT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 276,258 shares of the security and automation business's stock, valued at approximately $2,249,000.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of ADT during the first quarter worth approximately $35,000. True Wealth Design LLC acquired a new position in ADT in the 4th quarter worth about $36,000. Headlands Technologies LLC acquired a new position in ADT in the 4th quarter worth about $62,000. Federated Hermes Inc. increased its position in ADT by 15.8% in the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after purchasing an additional 1,449 shares during the last quarter. Finally, Northwest Wealth Management LLC acquired a new position in ADT in the 1st quarter worth about $87,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $8.27, for a total transaction of $372,150,000.00. Following the completion of the sale, the insider owned 183,650,366 shares in the company, valued at $1,518,788,526.82. This represents a 19.68% 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.

Wall Street Analyst Weigh In

ADT has been the topic of several research reports. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and upped their target price for the stock 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 target price on shares of ADT in a research report on Monday, April 21st.

ADT Stock Down 2.4%

Shares of NYSE ADT traded down $0.21 during mid-day trading on Friday, reaching $8.46. 36,543,037 shares of the company traded hands, compared to its average volume of 11,442,185. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.60 and a current ratio of 0.46. The stock has a market cap of $7.08 billion, a PE ratio of 12.82 and a beta of 1.21. The company's fifty day moving average is $8.38 and its two-hundred day moving average is $7.97. ADT Inc. has a fifty-two week low of $6.53 and a fifty-two week high of $8.80.

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

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.22 annualized dividend and a yield of 2.60%. ADT's payout ratio is 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.