D. E. Shaw & Co. Inc. Makes New Investment in ADT Inc. (NYSE:ADT)

D. E. Shaw & Co. Inc. purchased a new position in ADT Inc. (NYSE:ADT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,931,816 shares of the security and automation business’s stock, valued at approximately $13,349,000. D. E. Shaw & Co. Inc. owned about 0.21% of ADT at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of ADT by 20.6% in the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock valued at $307,876,000 after purchasing an additional 7,610,709 shares during the last quarter. Pacer Advisors Inc. boosted its stake in ADT by 11.7% during the 4th quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock valued at $238,906,000 after purchasing an additional 3,632,502 shares during the period. Norges Bank acquired a new stake in ADT in the 4th quarter valued at approximately $153,824,000. Dimensional Fund Advisors LP grew its holdings in ADT by 31.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business’s stock valued at $148,246,000 after buying an additional 5,089,056 shares during the last quarter. Finally, LSV Asset Management increased its position in ADT by 5.1% in the 4th quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business’s stock worth $74,927,000 after buying an additional 523,333 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

ADT has been the subject of several research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a research report on Monday, April 21st. Barclays upgraded shares of ADT from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $7.00 to $9.00 in a research note on Friday, April 4th.

ADT Price Performance

Shares of ADT stock opened at $8.55 on Wednesday. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.71. The company has a market capitalization of $7.15 billion, a P/E ratio of 9.29 and a beta of 1.29. The stock has a 50 day moving average of $7.92 and a two-hundred day moving average of $7.57. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT (NYSE:ADT) last issued its earnings results on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business earned $0.16 earnings per share. ADT’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, June 12th. ADT’s payout ratio is 37.93%.

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.