AQR Capital Management LLC Purchases 3,370,550 Shares of ADT Inc. (NYSE:ADT)

AQR Capital Management LLC raised its position in ADT Inc. (NYSE:ADT) by 75.0% during the second quarter, Holdings Channel reports. The fund owned 7,862,453 shares of the security and automation business’s stock after acquiring an additional 3,370,550 shares during the period. AQR Capital Management LLC’s holdings in ADT were worth $59,755,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of ADT in the 4th quarter worth approximately $9,870,000. TFO Wealth Partners LLC raised its position in ADT by 10,738.7% in the fourth quarter. TFO Wealth Partners LLC now owns 3,360 shares of the security and automation business’s stock worth $211,000 after acquiring an additional 3,329 shares during the period. Blueshift Asset Management LLC boosted its stake in shares of ADT by 20.5% during the 4th quarter. Blueshift Asset Management LLC now owns 27,377 shares of the security and automation business’s stock worth $187,000 after acquiring an additional 4,661 shares during the last quarter. MGG Investment Group LP boosted its stake in shares of ADT by 2.9% during the 4th quarter. MGG Investment Group LP now owns 11,974,970 shares of the security and automation business’s stock worth $81,669,000 after acquiring an additional 341,015 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of ADT by 9.9% during the 4th quarter. Neuberger Berman Group LLC now owns 88,555 shares of the security and automation business’s stock valued at $604,000 after acquiring an additional 8,000 shares during the period. 87.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ADT Price Performance

NYSE ADT opened at $7.30 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98. ADT Inc. has a 12 month low of $5.53 and a 12 month high of $7.92. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 10.43 and a beta of 1.54. The company’s 50 day moving average is $7.32 and its two-hundred day moving average is $7.08.

ADT (NYSE:ADT) last announced its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.15 EPS. As a group, research analysts anticipate that ADT Inc. will post 0.62 earnings per share for the current year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Friday, September 13th. ADT’s dividend payout ratio (DPR) is 31.43%.

About ADT

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.