ADT Inc. (NYSE:ADT) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in shares of ADT Inc. (NYSE:ADT) by 11.6% during the third quarter, HoldingsChannel reports. The firm owned 58,897 shares of the security and automation business’s stock after selling 7,733 shares during the quarter. Los Angeles Capital Management LLC’s holdings in ADT were worth $426,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ADT. Janney Montgomery Scott LLC raised its position in ADT by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 75,863 shares of the security and automation business’s stock valued at $510,000 after purchasing an additional 2,183 shares during the period. Highland Capital Management LLC raised its position in ADT by 10.1% in the third quarter. Highland Capital Management LLC now owns 27,643 shares of the security and automation business’s stock valued at $200,000 after purchasing an additional 2,542 shares during the period. New York State Teachers Retirement System raised its position in ADT by 12.9% in the third quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock valued at $193,000 after purchasing an additional 3,054 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in ADT by 19.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,546 shares of the security and automation business’s stock valued at $156,000 after purchasing an additional 3,311 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in ADT in the second quarter valued at about $26,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

ADT has been the subject of several recent analyst reports. Royal Bank of Canada raised 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. The Goldman Sachs Group raised their target price on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research note on Friday, October 25th.

ADT Price Performance

NYSE:ADT opened at $7.49 on Monday. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 8.14 and a beta of 1.52. ADT Inc. has a one year low of $5.63 and a one year high of $8.25. The stock has a 50-day simple moving average of $7.24 and a 200 day simple moving average of $7.29. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.07 earnings per share. Sell-side 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. Investors of record on Thursday, December 12th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.94%. ADT’s dividend payout ratio (DPR) is 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.