Maven Securities LTD acquired a new stake in ADT Inc. (NYSE:ADT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,000 shares of the security and automation business's stock, valued at approximately $346,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. increased its position in shares of ADT by 1,132.1% during the fourth quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock worth $1,684,000 after acquiring an additional 223,922 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in ADT by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after buying an additional 609,842 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ADT by 26.0% during the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock valued at $3,505,000 after purchasing an additional 100,134 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of ADT by 46.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock valued at $904,000 after buying an additional 41,682 shares in the last quarter. Finally, Norges Bank purchased a new position in ADT during the fourth quarter worth $153,824,000. Institutional investors and hedge funds own 87.22% of the company's stock.
Wall Street Analysts Forecast Growth
ADT has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $7.00 to $9.00 in a research report on Friday, April 4th.
Get Our Latest Stock Report on ADT
ADT Trading Down 0.9%
ADT stock traded down $0.08 during trading on Monday, hitting $8.52. The company had a trading volume of 4,422,274 shares, compared to its average volume of 14,563,375. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.70. The firm has a 50-day moving average price of $7.98 and a 200-day moving average price of $7.60. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 9.26 and a beta of 1.29.
ADT (NYSE:ADT - Get Free Report) last announced its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share 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 firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business earned $0.16 EPS. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.
ADT Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.58%. ADT's dividend payout ratio is 37.93%.
Insider Transactions at ADT
In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of ADT stock in a transaction on Monday, May 12th. The shares were sold at an average price of $8.02, for a total value of $401,000,000.00. Following the completion of the sale, the insider now directly owns 228,650,366 shares of the company's stock, valued at approximately $1,833,775,935.32. The trade was a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.
ADT Profile
(
Free Report)
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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