Empirical Finance LLC Takes Position in ADT Inc. $ADT

Empirical Finance LLC purchased a new stake in shares of ADT Inc. (NYSE:ADT) during the second quarter, Holdings Channel reports. The institutional investor purchased 115,928 shares of the security and automation business’s stock, valued at approximately $982,000.

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

ADT Price Performance

NYSE ADT opened at $7.81 on Friday. ADT Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $8.94. The stock’s 50-day moving average is $8.53 and its two-hundred day moving average is $8.48. The firm has a market cap of $6.40 billion, a P/E ratio of 11.31 and a beta of 1.00. 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 released its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. ADT had a return on equity of 18.96% and a net margin of 12.52%.The company had revenue of $1.31 billion for the quarter. On average, analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, December 11th. ADT’s dividend payout ratio (DPR) is 31.88%.

Wall Street Analysts Forecast Growth

ADT has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of ADT in a research note on Wednesday. Citigroup lifted their price objective on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Morgan Stanley boosted their target price on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Wall Street Zen downgraded ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research cut ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.