Renaissance Technologies LLC Purchases New Holdings in ADT Inc. (NYSE:ADT)

Renaissance Technologies LLC purchased a new position in shares of ADT Inc. (NYSE:ADT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 424,506 shares of the security and automation business’s stock, valued at approximately $3,226,000.

Other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of ADT in the 2nd quarter valued at $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of ADT in the 4th quarter valued at about $36,000. Duncker Streett & Co. Inc. purchased a new position in shares of ADT during the 2nd quarter valued at about $38,000. Diversify Advisory Services LLC bought a new stake in ADT in the second quarter worth $76,000. Finally, TFB Advisors LLC bought a new position in shares of ADT in the first quarter worth approximately $77,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada lowered their price objective on shares of 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 Trading Down 0.7 %

NYSE ADT opened at $7.30 on Monday. The firm has a 50 day moving average of $7.31 and a two-hundred day moving average of $7.09. ADT Inc. has a 52 week low of $5.53 and a 52 week high of $7.92. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $6.73 billion, a PE ratio of 10.43 and a beta of 1.54.

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

ADT Dividend Announcement

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 given 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 3.01%. ADT’s dividend payout ratio is presently 31.43%.

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.