Teacher Retirement System of Texas Makes New $403,000 Investment in ADT Inc. (NYSE:ADT)

Teacher Retirement System of Texas bought a new stake in shares of ADT Inc. (NYSE:ADT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 49,456 shares of the security and automation business’s stock, valued at approximately $403,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new stake in ADT during the 1st quarter valued at $35,000. True Wealth Design LLC acquired a new stake in shares of ADT in the 4th quarter valued at about $36,000. Headlands Technologies LLC acquired a new stake in shares of ADT in the fourth quarter valued at about $62,000. Magnetar Financial LLC acquired a new position in ADT during the fourth quarter worth approximately $73,000. Finally, Federated Hermes Inc. boosted its holdings in shares of ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business’s stock worth $73,000 after acquiring an additional 1,449 shares during the period. Institutional investors own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

ADT has been the subject of several research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $9.00 price objective on shares of ADT in a research report on Monday, April 21st. Barclays raised shares of 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 research report on Friday, April 4th.

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 228,650,366 shares in the company, valued at approximately $1,833,775,935.32. This trade represents a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company insiders.

ADT Stock Performance

ADT stock opened at $8.51 on Friday. The firm has a fifty day simple moving average of $8.37 and a two-hundred day simple moving average of $7.90. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.72. The company has a market capitalization of $7.11 billion, a PE ratio of 14.66 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 0.77 and a debt-to-equity ratio of 2.10.

ADT (NYSE:ADT) last announced its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. ADT had a net margin of 11.03% and a return on equity of 17.23%. ADT’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share. Research analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Thursday, June 12th were given a dividend of $0.055 per share. The ex-dividend date was Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.59%. ADT’s dividend payout ratio (DPR) 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.