Los Angeles Capital Management LLC Takes $506,000 Position in ADT Inc. (NYSE:ADT)

Los Angeles Capital Management LLC bought a new position in shares of ADT Inc. (NYSE:ADT) in the 2nd quarter, Holdings Channel reports. The fund bought 66,630 shares of the security and automation business’s stock, valued at approximately $506,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Victory Capital Management Inc. grew its position in shares of ADT by 21.5% during the 4th quarter. Victory Capital Management Inc. now owns 42,818 shares of the security and automation business’s stock worth $292,000 after buying an additional 7,586 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in ADT by 13.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,358,277 shares of the security and automation business’s stock worth $22,903,000 after purchasing an additional 385,491 shares during the period. BNP Paribas Financial Markets increased its stake in ADT by 470.0% in the fourth quarter. BNP Paribas Financial Markets now owns 371,498 shares of the security and automation business’s stock valued at $2,534,000 after purchasing an additional 306,319 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of ADT by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,587,542 shares of the security and automation business’s stock valued at $51,748,000 after purchasing an additional 741,658 shares during the period. Finally, Boston Partners boosted its position in shares of ADT by 21.7% during the 4th quarter. Boston Partners now owns 55,491 shares of the security and automation business’s stock worth $378,000 after purchasing an additional 9,882 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada decreased their target price on ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd.

ADT Stock Performance

NYSE ADT opened at $7.00 on Friday. The company has a market cap of $6.38 billion, a P/E ratio of 10.00 and a beta of 1.54. The company has a fifty day simple moving average of $7.35 and a 200 day simple moving average of $7.07. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98. ADT Inc. has a 12-month low of $5.53 and a 12-month high of $7.92.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. ADT had a net margin of 13.83% and a return on equity of 15.45%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. Sell-side analysts predict that ADT Inc. will post 0.62 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, September 13th. ADT’s dividend payout ratio (DPR) is presently 31.43%.

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.