Capstone Investment Advisors LLC Buys Shares of 10,465 ADT Inc. (NYSE:ADT)

Capstone Investment Advisors LLC purchased a new position in ADT Inc. (NYSE:ADT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,465 shares of the security and automation business’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in ADT by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock worth $1,245,000 after acquiring an additional 1,343 shares during the last quarter. Highland Capital Management LLC raised its position in shares of ADT by 10.1% during the 3rd quarter. Highland Capital Management LLC now owns 27,643 shares of the security and automation business’s stock worth $200,000 after purchasing an additional 2,542 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of ADT by 12.9% in the 3rd quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock worth $193,000 after purchasing an additional 3,054 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in ADT by 19.2% during the 2nd 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, KBC Group NV grew its stake in ADT by 46.9% during the 3rd quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after buying an additional 3,375 shares during the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Price Performance

Shares of NYSE:ADT opened at $7.62 on Monday. The stock’s 50 day moving average price is $7.33 and its 200 day moving average price is $7.34. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 8.28 and a beta of 1.52. ADT Inc. has a 12 month low of $5.79 and a 12 month high of $8.25.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share. Equities research analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

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 given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.89%. ADT’s dividend payout ratio (DPR) is presently 23.91%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th.

ADT 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.