AlphaQuest LLC Raises Stock Position in ADT Inc. $ADT

AlphaQuest LLC raised its stake in ADT Inc. (NYSE:ADT) by 80.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,301 shares of the security and automation business’s stock after buying an additional 2,370 shares during the period. AlphaQuest LLC’s holdings in ADT were worth $43,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in ADT by 11.6% in the first quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock valued at $404,688,000 after buying an additional 5,160,835 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in ADT by 21.6% in the first quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business’s stock valued at $212,264,000 after buying an additional 4,624,120 shares in the last quarter. LSV Asset Management increased its holdings in ADT by 15.7% in the first quarter. LSV Asset Management now owns 12,545,184 shares of the security and automation business’s stock valued at $102,118,000 after buying an additional 1,701,861 shares in the last quarter. Zimmer Partners LP purchased a new position in ADT in the fourth quarter valued at about $48,687,000. Finally, Bank of New York Mellon Corp increased its stake in shares of ADT by 11.1% during the 1st quarter. Bank of New York Mellon Corp now owns 6,072,596 shares of the security and automation business’s stock worth $49,431,000 after purchasing an additional 608,445 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the sale, the insider directly owned 112,650,366 shares of the company’s stock, valued at $936,124,541.46. The trade was a 38.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ADT shares. Morgan Stanley raised their price objective on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Zacks Research raised shares of ADT to a “strong-buy” rating in a research note on Tuesday, August 12th. Citigroup raised their price objective on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen raised shares of ADT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, ADT presently has an average rating of “Moderate Buy” and a consensus price target of $9.34.

ADT Stock Up 1.7%

ADT stock opened at $8.82 on Friday. The stock has a market capitalization of $7.33 billion, a P/E ratio of 13.36 and a beta of 1.13. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. ADT Inc. has a one year low of $6.68 and a one year high of $8.86. The company has a 50 day moving average price of $8.54 and a two-hundred day moving average price of $8.20.

ADT (NYSE:ADT) last released its earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. ADT’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, sell-side 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 will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.5%. ADT’s payout ratio is currently 33.33%.

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.