ClearAlpha Technologies LP Acquires New Holdings in ADT Inc. (NYSE:ADT)

ClearAlpha Technologies LP bought a new position in shares of ADT Inc. (NYSE:ADT) in the third quarter, HoldingsChannel reports. The firm bought 63,003 shares of the security and automation business’s stock, valued at approximately $456,000.

Several other hedge funds have also recently bought and sold shares of ADT. Pacer Advisors Inc. boosted its holdings in shares of ADT by 20.3% in the third quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after buying an additional 5,222,972 shares during the period. Ariel Investments LLC lifted its position in ADT by 2.6% in the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock valued at $230,740,000 after acquiring an additional 780,762 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in ADT by 61.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock worth $93,937,000 after purchasing an additional 4,705,544 shares during the period. LSV Asset Management increased its holdings in ADT by 186.0% during the 2nd quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock worth $73,310,000 after purchasing an additional 6,272,974 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of ADT by 75.0% in the 2nd quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business’s stock valued at $59,755,000 after purchasing an additional 3,370,550 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADT has been the subject of several recent research reports. The Goldman Sachs Group upped their price objective on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th.

ADT Stock Down 0.5 %

Shares of ADT stock opened at $7.62 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The firm’s fifty day moving average price is $7.33 and its two-hundred day moving average price is $7.34. The firm has a market capitalization of $6.91 billion, a P/E ratio of 8.28 and a beta of 1.52. ADT Inc. has a 1 year low of $5.79 and a 1 year high of $8.25.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ADT had a return on equity of 17.77% and a net margin of 18.18%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $0.07 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s dividend payout ratio (DPR) is currently 23.91%.

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.