D. E. Shaw & Co. Inc. Takes $13.35 Million Position in ADT Inc. (NYSE:ADT)

D. E. Shaw & Co. Inc. bought a new position in ADT Inc. (NYSE:ADT) in the fourth quarter, HoldingsChannel.com reports. The fund bought 1,931,816 shares of the security and automation business’s stock, valued at approximately $13,349,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC bought a new stake in ADT in the fourth quarter valued at $62,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ADT in the 4th quarter worth about $73,000. Magnetar Financial LLC bought a new stake in shares of ADT in the 4th quarter worth about $73,000. Federated Hermes Inc. increased its position in shares of ADT by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business’s stock worth $73,000 after purchasing an additional 1,449 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in ADT during the 4th quarter valued at about $74,000. Institutional investors own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 price objective on shares of ADT in a research note on Monday, April 21st. Barclays raised ADT from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $7.00 to $9.00 in a report on Friday, April 4th.

ADT Stock Up 1.7%

Shares of NYSE ADT opened at $8.55 on Wednesday. ADT Inc. has a 12-month low of $6.53 and a 12-month high of $8.71. The firm’s 50-day simple moving average is $7.92 and its 200 day simple moving average is $7.57. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 9.29 and a beta of 1.29.

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

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a $0.055 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.57%. ADT’s dividend payout ratio (DPR) is currently 37.93%.

ADT Company 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.