R Squared Ltd Takes Position in ADT Inc. $ADT

R Squared Ltd purchased a new stake in shares of ADT Inc. (NYSE:ADT) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 22,176 shares of the security and automation business’s stock, valued at approximately $188,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of ADT by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after acquiring an additional 1,329 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of ADT by 80.9% during the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock worth $43,000 after acquiring an additional 2,370 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of ADT during the 1st quarter worth $74,000. NorthRock Partners LLC bought a new stake in shares of ADT during the 2nd quarter worth $85,000. Finally, Northwest Wealth Management LLC bought a new stake in shares of ADT during the 1st quarter worth $87,000. 87.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADT has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Citigroup boosted their price target on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reissued a “buy (b)” rating on shares of ADT in a research note on Friday. Zacks Research downgraded shares of ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Morgan Stanley upped their price objective on shares of ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.38.

ADT Price Performance

Shares of NYSE ADT opened at $8.77 on Friday. ADT Inc. has a 1 year low of $6.71 and a 1 year high of $8.94. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. The company’s 50-day moving average is $8.67 and its 200 day moving average is $8.43. The stock has a market capitalization of $7.29 billion, a P/E ratio of 13.28 and a beta of 1.05.

ADT (NYSE:ADT) last announced its quarterly 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%. On average, sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

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.