Kapitalo Investimentos Ltda Buys Shares of 17,333 ADT Inc. (NYSE:ADT)

Kapitalo Investimentos Ltda purchased a new stake in shares of ADT Inc. (NYSE:ADT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,333 shares of the security and automation business’s stock, valued at approximately $125,000.

A number of other hedge funds have also modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in ADT in the 2nd quarter worth about $26,000. Altshuler Shaham Ltd acquired a new position in ADT in the second quarter worth approximately $30,000. Duncker Streett & Co. Inc. bought a new position in ADT during the second quarter valued at approximately $38,000. Checchi Capital Advisers LLC acquired a new stake in ADT in the second quarter valued at approximately $77,000. Finally, Diversify Advisory Services LLC acquired a new stake in ADT in the second quarter valued at approximately $76,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ADT Stock Performance

Shares of NYSE ADT opened at $7.00 on Thursday. 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 $6.46 billion, a price-to-earnings ratio of 10.00 and a beta of 1.53. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. The business’s 50-day simple moving average is $7.19 and its 200-day simple moving average is $7.13.

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

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.22 annualized dividend and a dividend yield of 3.14%. ADT’s dividend payout ratio is 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.