ADT Inc. $ADT Position Boosted by Acadian Asset Management LLC

Acadian Asset Management LLC raised its holdings in shares of ADT Inc. (NYSE:ADT) by 264.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,811 shares of the security and automation business’s stock after acquiring an additional 180,502 shares during the quarter. Acadian Asset Management LLC’s holdings in ADT were worth $2,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in shares of ADT by 22.1% in the 4th quarter. Ameriprise Financial Inc. now owns 456,839 shares of the security and automation business’s stock valued at $3,157,000 after buying an additional 82,623 shares in the last quarter. Bank of America Corp DE grew its stake in shares of ADT by 48.8% in the 4th quarter. Bank of America Corp DE now owns 1,642,263 shares of the security and automation business’s stock valued at $11,348,000 after buying an additional 538,939 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of ADT by 133.1% in the 4th quarter. Captrust Financial Advisors now owns 55,356 shares of the security and automation business’s stock valued at $383,000 after buying an additional 31,610 shares in the last quarter. Deutsche Bank AG grew its stake in shares of ADT by 2,170.1% in the 4th quarter. Deutsche Bank AG now owns 370,477 shares of the security and automation business’s stock valued at $2,560,000 after buying an additional 354,157 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of ADT in the 4th quarter valued at approximately $214,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Down 0.9%

Shares of ADT stock opened at $8.69 on Wednesday. ADT Inc. has a 12 month low of $6.68 and a 12 month high of $8.94. The firm has a market cap of $7.22 billion, a PE ratio of 13.17 and a beta of 1.13. The stock has a 50 day moving average of $8.58 and a 200-day moving average of $8.27. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84.

ADT (NYSE:ADT) last issued its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. ADT had a return on equity of 18.58% and a net margin of 12.30%.The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. On average, equities analysts predict that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.055 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. ADT’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ADT. Zacks Research raised ADT to a “strong-buy” rating in a research note on Tuesday, August 12th. Morgan Stanley boosted their target price on ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Wall Street Zen lowered ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Finally, Citigroup boosted their target price on ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, ADT currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.34.

Insider Activity at ADT

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

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.