CenterBook Partners LP Buys 179,267 Shares of ADT Inc. $ADT

CenterBook Partners LP boosted its stake in shares of ADT Inc. (NYSE:ADT) by 343.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 231,451 shares of the security and automation business’s stock after purchasing an additional 179,267 shares during the period. CenterBook Partners LP’s holdings in ADT were worth $1,868,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in ADT by 20.6% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,099 shares of the security and automation business’s stock valued at $62,000 after buying an additional 1,213 shares during the period. Osaic Holdings Inc. grew its position in ADT by 39.9% during the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock valued at $37,000 after buying an additional 1,240 shares during the period. Legal & General Group Plc grew its position in ADT by 0.3% during the fourth quarter. Legal & General Group Plc now owns 501,861 shares of the security and automation business’s stock valued at $4,050,000 after buying an additional 1,445 shares during the period. F m Investments LLC grew its position in ADT by 0.7% during the third quarter. F m Investments LLC now owns 239,027 shares of the security and automation business’s stock valued at $2,082,000 after buying an additional 1,602 shares during the period. Finally, Amundi raised its stake in ADT by 0.5% in the third quarter. Amundi now owns 356,404 shares of the security and automation business’s stock valued at $3,104,000 after purchasing an additional 1,899 shares in the last quarter. Institutional investors own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADT. Barclays reaffirmed an “underweight” rating and issued a $7.00 target price on shares of ADT in a research note on Friday, March 6th. Zacks Research raised shares of ADT from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. UBS Group set a $7.50 price objective on shares of ADT in a research report on Friday, May 1st. Citigroup reduced their price objective on shares of ADT from $10.00 to $8.50 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Finally, Morgan Stanley reduced their price objective on shares of ADT from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ADT has a consensus rating of “Hold” and an average target price of $8.08.

Insider Buying and Selling at ADT

In other ADT news, EVP Kimberly Miller bought 3,625 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $6.91 per share, for a total transaction of $25,048.75. Following the acquisition, the executive vice president owned 55,984 shares in the company, valued at approximately $386,849.44. This represents a 6.92% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel Joseph Houston purchased 36,450 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $6.87 per share, for a total transaction of $250,411.50. Following the purchase, the director owned 74,812 shares in the company, valued at $513,958.44. This represents a 95.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 54,855 shares of company stock worth $376,172. Corporate insiders own 3.00% of the company’s stock.

ADT Stock Performance

Shares of ADT stock opened at $6.77 on Wednesday. ADT Inc. has a 12 month low of $6.25 and a 12 month high of $8.94. The stock has a market cap of $5.35 billion, a PE ratio of 9.66 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 1.94. The company’s fifty day moving average price is $6.90 and its 200-day moving average price is $7.44.

ADT (NYSE:ADT) last announced its earnings results on Thursday, April 30th. The security and automation business reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. ADT had a net margin of 12.12% and a return on equity of 19.23%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business posted $0.21 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. ADT has set its FY 2026 guidance at 0.890-0.890 EPS. On average, equities analysts expect that ADT Inc. will post 0.87 EPS for the current fiscal year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Thursday, June 11th. ADT’s payout ratio is 31.43%.

About ADT

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.