Acadian Asset Management LLC Invests $26,000 in ADT Inc. (NYSE:ADT)

Acadian Asset Management LLC bought a new position in shares of ADT Inc. (NYSE:ADT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,512 shares of the security and automation business’s stock, valued at approximately $26,000.

Several other large investors also recently bought and sold shares of ADT. Ariel Investments LLC grew its position in ADT by 31.8% during the 1st quarter. Ariel Investments LLC now owns 29,579,797 shares of the security and automation business’s stock worth $198,776,000 after purchasing an additional 7,131,950 shares during the last quarter. Vanguard Group Inc. grew its position in ADT by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock worth $237,930,000 after purchasing an additional 3,427,575 shares during the last quarter. LSV Asset Management purchased a new stake in ADT during the 1st quarter worth approximately $22,667,000. Jane Street Group LLC boosted its holdings in shares of ADT by 8,206.7% in the 1st quarter. Jane Street Group LLC now owns 3,228,796 shares of the security and automation business’s stock valued at $21,698,000 after acquiring an additional 3,189,926 shares during the last quarter. Finally, Bracebridge Capital LLC purchased a new stake in shares of ADT in the 1st quarter valued at $10,080,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Down 1.6 %

ADT stock opened at $7.25 on Monday. The firm’s fifty day simple moving average is $7.35 and its 200-day simple moving average is $7.07. The company has a market capitalization of $6.69 billion, a P/E ratio of 10.36 and a beta of 1.54. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. ADT Inc. has a 12 month low of $5.53 and a 12 month high of $7.92.

ADT (NYSE:ADT) last released its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. ADT had a net margin of 13.83% and a return on equity of 15.45%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts forecast that ADT Inc. will post 0.62 earnings per share for the current year.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Friday, September 13th. ADT’s dividend payout ratio is presently 31.43%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada dropped their price objective on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd.

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.