ADT Inc. (NYSE:ADT) Shares Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC grew its holdings in shares of ADT Inc. (NYSE:ADT) by 47.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,319 shares of the security and automation business’s stock after buying an additional 19,761 shares during the quarter. Pallas Capital Advisors LLC’s holdings in ADT were worth $424,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ADT. Pacer Advisors Inc. bought a new position in ADT during the 2nd quarter valued at $195,461,000. Dimensional Fund Advisors LP raised its stake in shares of ADT by 61.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock valued at $93,937,000 after purchasing an additional 4,705,544 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of 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 purchasing an additional 3,370,550 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of ADT by 35.6% during the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after purchasing an additional 1,543,677 shares during the last quarter. Finally, Ariel Investments LLC grew its stake in ADT by 2.6% in the second quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock worth $230,740,000 after purchasing an additional 780,762 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Stock Performance

Shares of ADT stock opened at $7.09 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The business has a 50 day moving average of $7.29 and a two-hundred day moving average of $7.29. The company has a market cap of $6.43 billion, a P/E ratio of 7.71 and a beta of 1.51. ADT Inc. has a 52 week low of $6.02 and a 52 week high of $8.25.

ADT (NYSE:ADT) last issued its quarterly earnings data 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 firm 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 firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. As a group, analysts anticipate that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 12th were given a $0.055 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.22 annualized dividend and a yield of 3.10%. ADT’s dividend payout ratio is presently 23.91%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ADT. Royal Bank of Canada upped their price objective on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Morgan Stanley upped their price target on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price objective on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a report on Friday, October 25th.

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.