R Squared Ltd Takes Position in ADT Inc. $ADT

R Squared Ltd purchased a new stake in shares of ADT Inc. (NYSE:ADT) during the second quarter, HoldingsChannel reports. The institutional investor purchased 22,176 shares of the security and automation business’s stock, valued at approximately $188,000.

Other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in shares of ADT by 7,745.1% during the first quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business’s stock valued at $28,039,000 after buying an additional 3,400,705 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of ADT by 366.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business’s stock valued at $606,000 after buying an additional 58,292 shares during the last quarter. Amalgamated Bank grew its holdings in shares of ADT by 36.8% during the first quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business’s stock valued at $160,000 after buying an additional 5,287 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ADT by 93.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business’s stock valued at $1,732,000 after buying an additional 102,538 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of ADT by 259.5% during the first quarter. American Century Companies Inc. now owns 613,889 shares of the security and automation business’s stock valued at $4,997,000 after buying an additional 443,121 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ADT shares. Zacks Research downgraded shares of ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Morgan Stanley increased their price target on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Wall Street Zen downgraded shares of ADT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Citigroup increased their price target on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ADT in a research report on Friday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.38.

ADT Stock Performance

Shares of NYSE:ADT opened at $8.77 on Friday. ADT Inc. has a 52 week low of $6.71 and a 52 week high of $8.94. The stock has a market capitalization of $7.29 billion, a P/E ratio of 13.28 and a beta of 1.05. The firm has a fifty day simple moving average of $8.67 and a two-hundred day simple moving average of $8.43. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84.

ADT (NYSE:ADT) last issued its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. ADT had a return on equity of 18.58% and a net margin of 12.30%.The business had revenue of $1.31 billion during the quarter. On average, analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

Insider Activity at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the sale, the insider owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This trade represents a 38.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.

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.