Acadian Asset Management LLC Boosts Stake in ADT Inc. $ADT

Acadian Asset Management LLC raised its position in ADT Inc. (NYSE:ADT) by 861.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,393,039 shares of the security and automation business’s stock after purchasing an additional 2,144,228 shares during the quarter. Acadian Asset Management LLC owned 0.29% of ADT worth $20,262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in ADT during the 1st quarter worth approximately $403,000. Bank of New York Mellon Corp grew its stake in ADT by 11.1% during the first 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 buying an additional 608,445 shares during the period. Envestnet Asset Management Inc. increased its position in shares of ADT by 548.4% in the first quarter. Envestnet Asset Management Inc. now owns 159,115 shares of the security and automation business’s stock worth $1,295,000 after acquiring an additional 134,575 shares in the last quarter. Alps Advisors Inc. increased its position in shares of ADT by 24.7% in the first quarter. Alps Advisors Inc. now owns 161,223 shares of the security and automation business’s stock worth $1,312,000 after acquiring an additional 31,899 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of ADT by 82.5% in the 1st quarter. Cerity Partners LLC now owns 256,646 shares of the security and automation business’s stock valued at $2,089,000 after acquiring an additional 115,987 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of ADT from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of ADT in a research note on Wednesday, October 8th. Citigroup upped their target price on ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Morgan Stanley raised their target price on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Zacks Research lowered ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.38.

ADT Price Performance

Shares of NYSE ADT opened at $8.13 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99. ADT Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $8.94. The business has a 50 day moving average price of $8.62 and a two-hundred day moving average price of $8.48. The firm has a market cap of $6.76 billion, a PE ratio of 11.78 and a beta of 1.00.

ADT (NYSE:ADT) last announced its earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. The business had revenue of $1.31 billion during the quarter. Sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, December 11th. ADT’s dividend payout ratio is 31.88%.

ADT Company 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.