KLP Kapitalforvaltning AS Has $709,000 Stock Holdings in ADT Inc. $ADT

KLP Kapitalforvaltning AS lifted its stake in ADT Inc. (NYSE:ADT) by 35.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,296 shares of the security and automation business’s stock after acquiring an additional 22,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in ADT were worth $709,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ADT. GAMMA Investing LLC increased its stake in ADT by 1,949.5% during the first quarter. GAMMA Investing LLC now owns 15,556 shares of the security and automation business’s stock valued at $127,000 after acquiring an additional 14,797 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ADT by 93.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business’s stock worth $1,732,000 after purchasing an additional 102,538 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in ADT by 16.7% in the first quarter. Janney Montgomery Scott LLC now owns 152,635 shares of the security and automation business’s stock worth $1,242,000 after purchasing an additional 21,797 shares during the period. Advisor Resource Council bought a new position in ADT in the first quarter worth $2,216,000. Finally, Praxis Investment Management Inc. bought a new position in ADT in the first quarter worth $103,000. 87.22% of the stock is owned by institutional investors.

Insider Activity

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 112,650,366 shares of the company’s stock, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

ADT Trading Down 0.7%

Shares of NYSE ADT opened at $8.54 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The company has a market cap of $7.10 billion, a PE ratio of 12.94 and a beta of 1.05. The company has a 50-day moving average of $8.66 and a two-hundred day moving average of $8.39. ADT Inc. has a 1-year low of $6.71 and a 1-year high of $8.94.

ADT (NYSE:ADT) last issued its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share for the quarter. The company had revenue of $1.31 billion during the quarter. ADT had a net margin of 12.30% and a return on equity of 18.58%. As a group, equities analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, September 11th. ADT’s dividend payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ADT shares. Wall Street Zen cut shares of ADT from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Citigroup upped their target price on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Zacks Research downgraded ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Morgan Stanley lifted their price objective on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of ADT in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.34.

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.