Quadrature Capital Ltd Acquires 20,357 Shares of ADT Inc. $ADT

Quadrature Capital Ltd grew its holdings in ADT Inc. (NYSE:ADT) by 29.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,361 shares of the security and automation business’s stock after buying an additional 20,357 shares during the quarter. Quadrature Capital Ltd’s holdings in ADT were worth $764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ADT. Federated Hermes Inc. raised its stake in shares of ADT by 173.4% in the first quarter. Federated Hermes Inc. now owns 28,978 shares of the security and automation business’s stock worth $236,000 after acquiring an additional 18,378 shares during the last quarter. Alberta Investment Management Corp bought a new position in shares of ADT during the 1st quarter valued at about $1,853,000. Earned Wealth Advisors LLC acquired a new position in shares of ADT in the 1st quarter valued at approximately $96,000. New Age Alpha Advisors LLC bought a new stake in ADT during the 1st quarter worth approximately $225,000. Finally, Vanguard Group Inc. raised its holdings in ADT by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock worth $404,688,000 after buying an additional 5,160,835 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ADT shares. Citigroup lifted their price target on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ADT in a research report on Tuesday, November 25th. Wall Street Zen cut ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research downgraded 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ADT presently has an average rating of “Hold” and a consensus target price of $9.38.

ADT Stock Down 1.9%

ADT stock opened at $8.10 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. ADT Inc. has a 1-year low of $6.71 and a 1-year high of $8.94. The company has a fifty day simple moving average of $8.44 and a 200 day simple moving average of $8.47. The company has a market cap of $6.64 billion, a P/E ratio of 11.73 and a beta of 0.94.

ADT (NYSE:ADT) last posted its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. The business had revenue of $1.31 billion for the quarter. ADT had a return on equity of 18.96% and a net margin of 12.52%. Research analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

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

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.