88,600 Shares in ADT Inc. $ADT Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in ADT Inc. (NYSE:ADT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 88,600 shares of the security and automation business’s stock, valued at approximately $750,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of ADT by 93.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business’s stock worth $1,732,000 after acquiring an additional 102,538 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in ADT by 16.7% in the first quarter. Janney Montgomery Scott LLC now owns 152,635 shares of the security and automation business’s stock worth $1,242,000 after purchasing an additional 21,797 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in ADT by 10.7% in the first quarter. Oppenheimer & Co. Inc. now owns 100,600 shares of the security and automation business’s stock valued at $819,000 after buying an additional 9,700 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of ADT by 4.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business’s stock worth $356,000 after buying an additional 1,769 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in shares of ADT by 38.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 398,569 shares of the security and automation business’s stock worth $3,244,000 after buying an additional 110,330 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

Insider Transactions at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the sale, the insider directly owned 112,650,366 shares of the company’s stock, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

ADT Trading Up 0.6%

NYSE:ADT opened at $8.77 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. ADT Inc. has a one year low of $6.71 and a one year high of $8.94. The company has a market cap of $7.29 billion, a PE ratio of 13.28 and a beta of 1.05. The firm has a 50-day moving average of $8.67 and a 200-day moving average of $8.42.

ADT (NYSE:ADT) last released its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $1.31 billion for the quarter. ADT had a net margin of 12.30% and a return on equity of 18.58%. As a group, equities research analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADT. Morgan Stanley boosted their target price on shares of ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Zacks Research lowered shares of ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Wall Street Zen cut shares of ADT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Weiss Ratings restated a “buy (b)” rating on shares of ADT in a research note on Friday. Finally, Citigroup upped their price target on ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, ADT has a consensus rating of “Hold” and an average price target of $9.38.

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.