ADT Inc. $ADT Shares Acquired by Bayforest Capital Ltd

Bayforest Capital Ltd lifted its stake in shares of ADT Inc. (NYSE:ADT) by 143.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,115 shares of the security and automation business’s stock after acquiring an additional 13,033 shares during the quarter. Bayforest Capital Ltd’s holdings in ADT were worth $187,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in ADT by 69.5% during the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after buying an additional 1,329 shares in the last quarter. AlphaQuest LLC boosted its holdings in ADT by 80.9% during the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock worth $43,000 after buying an additional 2,370 shares in the last quarter. NorthRock Partners LLC bought a new stake in ADT during the second quarter worth approximately $85,000. Northwest Wealth Management LLC bought a new stake in ADT during the first quarter worth approximately $87,000. Finally, Belpointe Asset Management LLC bought a new stake in ADT during the first quarter worth approximately $92,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction on Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

ADT Trading Down 0.7%

NYSE ADT opened at $8.54 on Friday. ADT Inc. has a twelve month low of $6.71 and a twelve month high of $8.94. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 12.94 and a beta of 1.05. The firm’s 50 day moving average price is $8.66 and its two-hundred day moving average price is $8.39.

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

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.055 dividend. 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 payout ratio is presently 33.33%.

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.