ADT Inc. $ADT Shares Bought by Bayforest Capital Ltd

Bayforest Capital Ltd raised its holdings in ADT Inc. (NYSE:ADT) by 143.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 22,115 shares of the security and automation business’s stock after acquiring an additional 13,033 shares during the period. Bayforest Capital Ltd’s holdings in ADT were worth $187,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in ADT by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock valued at $27,000 after purchasing an additional 1,329 shares in the last quarter. Forum Financial Management LP increased its holdings in ADT by 5.2% in the 1st quarter. Forum Financial Management LP now owns 29,446 shares of the security and automation business’s stock valued at $240,000 after purchasing an additional 1,445 shares in the last quarter. Poinciana Advisors Group LLC increased its holdings in ADT by 9.1% in the 2nd quarter. Poinciana Advisors Group LLC now owns 17,544 shares of the security and automation business’s stock valued at $149,000 after purchasing an additional 1,470 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in ADT by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business’s stock valued at $356,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Northwest Wealth Management LLC increased its holdings in ADT by 16.5% in the 2nd quarter. Northwest Wealth Management LLC now owns 12,495 shares of the security and automation business’s stock valued at $106,000 after purchasing an additional 1,769 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the sale, the insider owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This trade represents a 38.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company’s stock.

ADT Stock Performance

Shares of NYSE ADT opened at $8.54 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The firm’s 50-day moving average price is $8.66 and its two-hundred day moving average price is $8.39. ADT Inc. has a 52-week low of $6.71 and a 52-week high of $8.94. The stock has a market capitalization of $7.10 billion, a P/E ratio of 12.94 and a beta of 1.05.

ADT (NYSE:ADT) last issued its earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. ADT had a return on equity of 18.58% and a net margin of 12.30%.The business had revenue of $1.31 billion during the quarter. As a group, sell-side analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.055 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. ADT’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of ADT in a report on Wednesday, October 8th. Morgan Stanley increased their price target on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Monday, July 28th. Wall Street Zen downgraded ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Citigroup upped their price objective on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Zacks Research cut shares of ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.34.

About ADT

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.