Algert Global LLC Makes New Investment in ADT Inc. (NYSE:ADT)

Algert Global LLC bought a new position in shares of ADT Inc. (NYSE:ADT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 316,307 shares of the security and automation business’s stock, valued at approximately $2,404,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ADT. Janney Montgomery Scott LLC increased its holdings in ADT by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 75,863 shares of the security and automation business’s stock worth $510,000 after purchasing an additional 2,183 shares during the period. Highland Capital Management LLC lifted its holdings in shares of ADT by 13.7% in the 2nd quarter. Highland Capital Management LLC now owns 25,101 shares of the security and automation business’s stock worth $191,000 after buying an additional 3,024 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of ADT by 19.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,546 shares of the security and automation business’s stock worth $156,000 after buying an additional 3,311 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of ADT in the 2nd quarter worth $26,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of ADT by 1.1% in the 1st quarter. BNP Paribas Financial Markets now owns 375,429 shares of the security and automation business’s stock worth $2,523,000 after buying an additional 3,931 shares during the period. Institutional investors own 87.22% of the company’s stock.

ADT Trading Up 0.7 %

Shares of NYSE ADT opened at $7.10 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. The stock has a market capitalization of $6.55 billion, a P/E ratio of 10.07 and a beta of 1.54. ADT Inc. has a 1-year low of $5.53 and a 1-year high of $7.92. The business has a fifty day moving average price of $7.28 and a 200 day moving average price of $7.10.

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

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, September 13th. ADT’s dividend payout ratio (DPR) is currently 31.43%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their target price on ADT from $10.00 to $8.00 and set a “sector perform” rating for the company 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.