ADT Inc. (NYSE:ADT) Shares Bought by Arizona State Retirement System

Arizona State Retirement System lifted its holdings in shares of ADT Inc. (NYSE:ADT) by 40.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,837 shares of the security and automation business’s stock after purchasing an additional 24,264 shares during the quarter. Arizona State Retirement System’s holdings in ADT were worth $637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADT. Ariel Investments LLC increased its stake in shares of ADT by 31.8% during the 1st quarter. Ariel Investments LLC now owns 29,579,797 shares of the security and automation business’s stock valued at $198,776,000 after acquiring an additional 7,131,950 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of ADT by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after purchasing an additional 3,427,575 shares in the last quarter. LSV Asset Management purchased a new stake in shares of ADT during the 1st quarter worth about $22,667,000. Jane Street Group LLC increased its position in ADT by 8,206.7% during the 1st quarter. Jane Street Group LLC now owns 3,228,796 shares of the security and automation business’s stock worth $21,698,000 after purchasing an additional 3,189,926 shares in the last quarter. Finally, Bracebridge Capital LLC purchased a new position in ADT in the first quarter valued at approximately $10,080,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

Shares of NYSE:ADT opened at $7.00 on Monday. The company has a market cap of $6.38 billion, a P/E ratio of 10.00 and a beta of 1.54. ADT Inc. has a one year low of $5.53 and a one year high of $7.92. The business’s 50-day simple moving average is $7.35 and its 200 day simple moving average is $7.07. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75.

ADT (NYSE:ADT) last posted its earnings results on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 earnings per share. On average, sell-side analysts forecast that ADT Inc. will post 0.62 earnings per share for the current fiscal year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, September 13th. This represents a $0.22 annualized dividend and a dividend yield of 3.14%. ADT’s dividend payout ratio is presently 31.43%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada dropped their price objective on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd.

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.