Zimmer Partners LP Invests $48.69 Million in ADT Inc. (NYSE:ADT)

Zimmer Partners LP purchased a new position in ADT Inc. (NYSE:ADT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,045,945 shares of the security and automation business's stock, valued at approximately $48,687,000. Zimmer Partners LP owned 0.78% of ADT as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of 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 worth $307,876,000 after acquiring an additional 7,610,709 shares during the period. Pacer Advisors Inc. grew its stake in shares of ADT by 11.7% in the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business's stock worth $238,906,000 after acquiring an additional 3,632,502 shares during the period. Norges Bank bought a new stake in shares of ADT in the fourth quarter worth approximately $153,824,000. Dimensional Fund Advisors LP grew its stake in shares of ADT by 31.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business's stock worth $148,246,000 after acquiring an additional 5,089,056 shares during the period. Finally, LSV Asset Management grew its stake in shares of ADT by 5.1% in the fourth quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business's stock worth $74,927,000 after acquiring an additional 523,333 shares during the period. 87.22% of the stock is currently owned by institutional investors.

ADT Stock Performance

ADT opened at $8.55 on Tuesday. 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 company has a market cap of $7.15 billion, a price-to-earnings ratio of 9.29 and a beta of 1.29. The company's 50 day moving average is $8.00 and its 200 day moving average is $7.61. ADT Inc. has a 12-month low of $6.53 and a 12-month high of $8.71.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted $0.16 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.57%. The ex-dividend date is Thursday, June 12th. ADT's dividend payout ratio is currently 37.93%.

Insider Buying and Selling at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of ADT 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 transaction, the insider now owns 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. The trade was a 17.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $9.00 price target on shares of ADT in a research note on Monday, April 21st. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $7.00 to $9.00 in a report on Friday, April 4th.

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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