Magnetar Financial LLC Invests $121,000 in ADT Inc. $ADT

Magnetar Financial LLC acquired a new stake in shares of ADT Inc. (NYSE:ADT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,316 shares of the security and automation business’s stock, valued at approximately $121,000.

A number of other institutional investors also recently bought and sold shares of ADT. GAMMA Investing LLC grew its position in ADT by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after purchasing an additional 1,329 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of ADT by 80.9% during the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock worth $43,000 after buying an additional 2,370 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of ADT during the second quarter valued at $50,000. Nomura Asset Management Co. Ltd. increased its position in shares of ADT by 51.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,200 shares of the security and automation business’s stock valued at $53,000 after acquiring an additional 2,100 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in ADT in the 1st quarter worth $74,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on ADT shares. Zacks Research downgraded ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup raised their price target on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ADT in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.38.

ADT Stock Up 0.9%

Shares of ADT stock opened at $8.15 on Thursday. The stock has a 50 day moving average of $8.47 and a 200 day moving average of $8.48. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. The stock has a market cap of $6.68 billion, a P/E ratio of 11.80 and a beta of 1.00. ADT Inc. has a twelve month low of $6.71 and a twelve month high of $8.94.

ADT (NYSE:ADT) last released its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. The company had revenue of $1.31 billion during the quarter. ADT had a return on equity of 18.96% and a net margin of 12.52%. As a group, sell-side analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, December 11th. ADT’s dividend payout ratio (DPR) is currently 31.88%.

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.