Occudo Quantitative Strategies LP Makes New $535,000 Investment in ADT Inc. (NYSE:ADT)

Occudo Quantitative Strategies LP acquired a new position in shares of ADT Inc. (NYSE:ADT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 77,352 shares of the security and automation business’s stock, valued at approximately $535,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of ADT during the fourth quarter worth approximately $153,824,000. Vanguard Group Inc. increased its holdings in shares of ADT by 20.6% during the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock worth $307,876,000 after purchasing an additional 7,610,709 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of ADT by 31.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business’s stock worth $148,246,000 after purchasing an additional 5,089,056 shares during the period. Pacer Advisors Inc. increased its holdings in shares of ADT by 11.7% during the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock worth $238,906,000 after purchasing an additional 3,632,502 shares during the period. Finally, Burkehill Global Management LP bought a new position in shares of ADT during the fourth quarter worth approximately $13,820,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADT has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 target price on shares of ADT in a report on Monday, April 21st. Barclays raised shares of ADT from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $7.00 to $9.00 in a report on Friday, April 4th.

ADT Stock Down 2.0%

Shares of ADT opened at $8.38 on Thursday. ADT Inc. has a one year low of $6.53 and a one year high of $8.71. The company has a market cap of $7.01 billion, a P/E ratio of 9.11 and a beta of 1.29. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $7.93 and a two-hundred day simple moving average of $7.58.

ADT (NYSE:ADT) last announced its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business earned $0.16 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Research analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 annualized dividend and a yield of 2.63%. ADT’s dividend payout ratio is currently 37.93%.

Insider Buying and Selling at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the completion of the transaction, the insider now directly owns 228,650,366 shares in the company, valued at approximately $1,833,775,935.32. This represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

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.