Aquatic Capital Management LLC raised its stake in ADT Inc. (NYSE:ADT – Free Report) by 203.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,121,262 shares of the security and automation business’s stock after buying an additional 751,481 shares during the period. Aquatic Capital Management LLC owned approximately 0.14% of ADT worth $9,766,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of ADT in the 3rd quarter valued at approximately $25,000. Quent Capital LLC purchased a new stake in shares of ADT in the third quarter valued at $28,000. WPG Advisers LLC boosted its position in shares of ADT by 54.3% in the third quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock worth $36,000 after buying an additional 1,440 shares during the period. Osaic Holdings Inc. boosted its position in shares of ADT by 39.9% in the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after buying an additional 1,240 shares during the period. Finally, Bfsg LLC grew its holdings in shares of ADT by 400.0% during the third quarter. Bfsg LLC now owns 5,000 shares of the security and automation business’s stock valued at $44,000 after buying an additional 4,000 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.
ADT Price Performance
Shares of NYSE:ADT opened at $6.42 on Monday. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 9.72 and a beta of 1.00. ADT Inc. has a 1 year low of $6.25 and a 1 year high of $8.94. The company has a current ratio of 0.93, a quick ratio of 0.73 and a debt-to-equity ratio of 1.95. The business has a fifty day simple moving average of $7.74 and a 200 day simple moving average of $8.17.
ADT Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 12th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.22 annualized dividend and a dividend yield of 3.4%. ADT’s payout ratio is presently 33.33%.
Wall Street Analysts Forecast Growth
ADT has been the topic of several recent analyst reports. Zacks Research raised ADT from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Citigroup decreased their price objective on ADT from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Morgan Stanley lowered their target price on ADT from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. Barclays reiterated an “underweight” rating and issued a $7.00 target price on shares of ADT in a report on Friday, March 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ADT in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.38.
Read Our Latest Research Report on ADT
Insider Buying and Selling
In other news, EVP David A. Scott acquired 7,300 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $6.72 per share, for a total transaction of $49,056.00. Following the completion of the acquisition, the executive vice president owned 7,300 shares of the company’s stock, valued at approximately $49,056. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.
About ADT
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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