SG Americas Securities LLC increased its stake in shares of ADT Inc. (NYSE:ADT – Free Report) by 201.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 461,671 shares of the security and automation business’s stock after purchasing an additional 308,310 shares during the period. SG Americas Securities LLC’s holdings in ADT were worth $3,033,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in ADT by 24.3% in the 4th quarter. AQR Capital Management LLC now owns 44,938,803 shares of the security and automation business’s stock worth $361,308,000 after purchasing an additional 8,778,704 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of ADT by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 36,357,866 shares of the security and automation business’s stock valued at $293,405,000 after buying an additional 2,376,977 shares during the period. LSV Asset Management boosted its stake in shares of ADT by 8.5% in the 4th quarter. LSV Asset Management now owns 27,837,737 shares of the security and automation business’s stock worth $224,651,000 after buying an additional 2,191,531 shares during the last quarter. Norges Bank purchased a new position in shares of ADT in the 4th quarter worth $192,996,000. Finally, Alliancebernstein L.P. boosted its stake in shares of ADT by 7.1% in the 3rd quarter. Alliancebernstein L.P. now owns 17,513,451 shares of the security and automation business’s stock worth $152,542,000 after buying an additional 1,167,374 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.
ADT Trading Up 0.1%
Shares of ADT stock opened at $6.50 on Wednesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.84 and a quick ratio of 0.67. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 9.29 and a beta of 1.01. ADT Inc. has a 1 year low of $6.24 and a 1 year high of $8.94. The firm has a fifty day moving average price of $6.84 and a 200-day moving average price of $7.29.
ADT Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Thursday, June 11th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.22 annualized dividend and a dividend yield of 3.4%. ADT’s dividend payout ratio (DPR) is 31.43%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Citigroup reduced 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. UBS Group set a $7.50 target price on ADT in a research report on Friday, May 1st. Barclays restated an “underweight” rating and set a $7.00 price target on shares of ADT in a research note on Friday, March 6th. Finally, Morgan Stanley reduced their price target on shares of ADT from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.08.
View Our Latest Stock Analysis on ADT
Insider Buying and Selling
In related news, EVP Kimberly Miller acquired 3,625 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $6.91 per share, with a total value of $25,048.75. Following the transaction, the executive vice president directly owned 55,984 shares in the company, valued at approximately $386,849.44. This represents a 6.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Omar Khan acquired 7,280 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $6.88 per share, with a total value of $50,086.40. Following the completion of the purchase, the executive vice president owned 7,280 shares in the company, valued at $50,086.40. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 54,855 shares of company stock worth $376,172 over the last ninety days. 3.00% of the stock is owned by corporate insiders.
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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