B. Riley Wealth Advisors Inc. Invests $842,000 in ADT Inc. (NYSE:ADT)

B. Riley Wealth Advisors Inc. acquired a new position in shares of ADT Inc. (NYSE:ADT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 109,944 shares of the security and automation business’s stock, valued at approximately $842,000.

Several other institutional investors also recently modified their holdings of the company. Algert Global LLC acquired a new position in shares of ADT during the 2nd quarter worth about $2,404,000. Mackenzie Financial Corp increased its stake in shares of ADT by 10.8% during the 2nd quarter. Mackenzie Financial Corp now owns 1,459,785 shares of the security and automation business’s stock worth $11,094,000 after purchasing an additional 142,012 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of ADT by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 170,883 shares of the security and automation business’s stock worth $1,299,000 after purchasing an additional 6,078 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in ADT in the 2nd quarter valued at about $336,000. Finally, AQR Capital Management LLC grew its stake in 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 buying an additional 3,370,550 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Stock Up 1.4 %

Shares of ADT opened at $7.18 on Friday. ADT Inc. has a 52 week low of $5.53 and a 52 week high of $7.92. The firm has a market cap of $6.62 billion, a P/E ratio of 10.26 and a beta of 1.53. The firm’s 50-day simple moving average is $7.24 and its 200 day simple moving average is $7.10. 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 announced its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. ADT’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 EPS. On average, analysts forecast 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 was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Friday, September 13th. ADT’s dividend payout ratio is currently 31.43%.

Wall Street Analyst Weigh In

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

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.