Mirae Asset Global Investments Co. Ltd. Grows Stake in ADT Inc. (NYSE:ADT)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of ADT Inc. (NYSE:ADT) by 29.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,635 shares of the security and automation business’s stock after purchasing an additional 3,129 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in ADT were worth $110,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Illinois Municipal Retirement Fund grew its position in shares of ADT by 38.3% during the first quarter. Illinois Municipal Retirement Fund now owns 398,569 shares of the security and automation business’s stock worth $3,244,000 after purchasing an additional 110,330 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of ADT by 4.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business’s stock worth $356,000 after purchasing an additional 1,769 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of ADT during the first quarter worth about $739,000. Oppenheimer & Co. Inc. grew its position in shares of ADT by 10.7% during the first quarter. Oppenheimer & Co. Inc. now owns 100,600 shares of the security and automation business’s stock worth $819,000 after purchasing an additional 9,700 shares in the last quarter. Finally, Praxis Investment Management Inc. purchased a new stake in shares of ADT during the first quarter worth about $103,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ADT shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $9.00 target price on shares of ADT in a research report on Monday, April 21st. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $7.00 to $9.00 in a report on Friday, April 4th.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $8.27, for a total value of $372,150,000.00. Following the completion of the sale, the insider directly owned 183,650,366 shares of the company’s stock, valued at $1,518,788,526.82. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by insiders.

ADT Stock Performance

NYSE ADT opened at $8.51 on Monday. The stock has a market capitalization of $7.11 billion, a PE ratio of 14.66 and a beta of 1.21. The business has a 50 day simple moving average of $8.31 and a two-hundred day simple moving average of $7.82. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.77 and a quick ratio of 0.60. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.72.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. ADT had a return on equity of 17.23% and a net margin of 11.03%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. On average, research analysts predict that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, June 12th. ADT’s payout ratio is 37.93%.

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.