Brevan Howard Capital Management LP Buys 1,321,532 Shares of ADT Inc. $ADT

Brevan Howard Capital Management LP boosted its stake in shares of ADT Inc. (NYSE:ADT) by 3,162.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,363,314 shares of the security and automation business’s stock after buying an additional 1,321,532 shares during the quarter. Brevan Howard Capital Management LP owned approximately 0.16% of ADT worth $11,547,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Balyasny Asset Management L.P. lifted its stake in shares of ADT by 35.9% in the second quarter. Balyasny Asset Management L.P. now owns 3,292,896 shares of the security and automation business’s stock worth $27,891,000 after acquiring an additional 870,702 shares during the period. Ameriprise Financial Inc. raised its holdings in ADT by 76.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,297,986 shares of the security and automation business’s stock worth $10,994,000 after purchasing an additional 561,494 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of ADT by 22.7% in the 2nd quarter. AQR Capital Management LLC now owns 16,097,474 shares of the security and automation business’s stock worth $135,702,000 after purchasing an additional 2,978,376 shares during the period. CTC Alternative Strategies Ltd. bought a new stake in shares of ADT in the 2nd quarter valued at $147,000. Finally, California State Teachers Retirement System increased its position in shares of ADT by 18.1% during the second quarter. California State Teachers Retirement System now owns 380,961 shares of the security and automation business’s stock worth $3,227,000 after buying an additional 58,513 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Stock Performance

Shares of ADT opened at $8.15 on Friday. 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 $6.68 billion, a PE ratio of 11.82 and a beta of 0.94. The stock has a 50-day moving average of $8.33 and a 200-day moving average of $8.45. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.67 and a quick ratio of 0.54.

ADT (NYSE:ADT) last announced its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. The firm 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%. On average, equities research analysts predict that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The firm 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 $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.22 annualized dividend and a yield of 2.7%. ADT’s dividend payout ratio (DPR) is presently 31.88%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ADT shares. Citigroup boosted their target price on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings lowered ADT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Zacks Research cut ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.38.

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.