Atria Investments Inc Takes Position in ADT Inc. (NYSE:ADT)

Atria Investments Inc acquired a new position in shares of ADT Inc. (NYSE:ADT) in the third quarter, Holdings Channel reports. The firm acquired 13,650 shares of the security and automation business’s stock, valued at approximately $99,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in ADT by 10.7% in the first 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 in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of ADT by 284.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 94,204 shares of the security and automation business’s stock worth $633,000 after buying an additional 69,712 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of ADT during the 1st quarter worth approximately $981,000. Lazard Asset Management LLC lifted its position in ADT by 180.3% during the first quarter. Lazard Asset Management LLC now owns 12,308 shares of the security and automation business’s stock valued at $82,000 after acquiring an additional 7,917 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in ADT by 14.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 131,678 shares of the security and automation business’s stock valued at $886,000 after acquiring an additional 16,816 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

ADT Price Performance

NYSE:ADT opened at $7.54 on Monday. The company has a 50 day moving average price of $7.29 and a 200-day moving average price of $7.32. ADT Inc. has a 1-year low of $5.63 and a 1-year high of $8.25. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 8.20 and a beta of 1.52. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s dividend payout ratio (DPR) is presently 23.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ADT shares. The Goldman Sachs Group lifted their price target on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada upped their target price on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th.

About ADT

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.