Laurion Capital Management LP purchased a new position in shares of ADT Inc (NYSE:ADT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 416,600 shares of the security and automation business’s stock, valued at approximately $3,912,000. Laurion Capital Management LP owned 0.06% of ADT as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in shares of ADT by 178.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,230 shares of the security and automation business’s stock worth $105,000 after buying an additional 7,190 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of ADT in the 3rd quarter worth about $118,000. Stevens Capital Management LP purchased a new stake in shares of ADT in the 2nd quarter worth about $121,000. Credit Suisse AG purchased a new stake in shares of ADT in the 3rd quarter worth about $171,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of ADT in the 2nd quarter worth about $168,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of ADT from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. ValuEngine upgraded shares of ADT from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Morgan Stanley set a $12.00 price objective on shares of ADT and gave the stock a “buy” rating in a research report on Thursday, November 8th. Finally, Credit Suisse Group started coverage on shares of ADT in a report on Friday, August 10th. They issued an “outperform” rating and a $12.50 target price on the stock. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. ADT currently has an average rating of “Buy” and a consensus target price of $13.30.
NYSE:ADT opened at $7.45 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 2.15. ADT Inc has a 12-month low of $6.93 and a 12-month high of $13.02.
ADT (NYSE:ADT) last released its earnings results on Wednesday, November 7th. The security and automation business reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.28). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. ADT had a net margin of 3.95% and a negative return on equity of 3.76%. ADT’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) earnings per share. Research analysts predict that ADT Inc will post 0.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 14th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.14 dividend on an annualized basis and a yield of 1.88%. ADT’s dividend payout ratio (DPR) is -40.00%.
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ADT Company Profile
ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.
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