Gotham Asset Management LLC Has $5.91 Million Stock Position in ADT Inc. (NYSE:ADT)

Gotham Asset Management LLC increased its position in shares of ADT Inc. (NYSE:ADT) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 855,208 shares of the security and automation business’s stock after buying an additional 201,840 shares during the quarter. Gotham Asset Management LLC’s holdings in ADT were worth $5,909,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Atria Investments Inc raised its stake in ADT by 9.9% during the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business’s stock worth $104,000 after buying an additional 1,358 shares during the period. Federated Hermes Inc. raised its stake in ADT by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business’s stock worth $73,000 after buying an additional 1,449 shares during the period. Highland Capital Management LLC raised its stake in ADT by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business’s stock worth $204,000 after buying an additional 1,810 shares during the period. Wells Fargo & Company MN raised its stake in ADT by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business’s stock worth $248,000 after buying an additional 2,113 shares during the period. Finally, Utah Retirement Systems raised its stake in ADT by 14.1% during the 4th quarter. Utah Retirement Systems now owns 17,829 shares of the security and automation business’s stock worth $123,000 after buying an additional 2,200 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ADT shares. Barclays raised ADT from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 target price on shares of ADT in a report on Monday, April 21st.

ADT Stock Performance

ADT stock opened at $8.55 on Wednesday. The firm has a market cap of $7.15 billion, a PE ratio of 9.29 and a beta of 1.29. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The business has a 50 day moving average of $7.92 and a 200-day moving average of $7.57. ADT Inc. has a 12-month low of $6.53 and a 12-month high of $8.71.

ADT (NYSE:ADT) last released its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company posted $0.16 earnings per share. ADT’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, June 12th. ADT’s dividend payout ratio (DPR) is 37.93%.

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.