LSV Asset Management Acquires 12,182,009 Shares of ADT Inc. $ADT

LSV Asset Management raised its holdings in ADT Inc. (NYSE:ADT) by 97.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,727,193 shares of the security and automation business’s stock after purchasing an additional 12,182,009 shares during the quarter. LSV Asset Management owned 2.97% of ADT worth $209,439,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Jane Street Group LLC grew its position in ADT by 7,745.1% in the first quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business’s stock valued at $28,039,000 after acquiring an additional 3,400,705 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of ADT by 259.5% in the 1st quarter. American Century Companies Inc. now owns 613,889 shares of the security and automation business’s stock valued at $4,997,000 after purchasing an additional 443,121 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of ADT by 264.2% in the 1st quarter. Acadian Asset Management LLC now owns 248,811 shares of the security and automation business’s stock valued at $2,024,000 after purchasing an additional 180,502 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of ADT during the 1st quarter valued at approximately $251,000. Finally, Allianz Asset Management GmbH increased its position in ADT by 52.2% during the 1st quarter. Allianz Asset Management GmbH now owns 668,599 shares of the security and automation business’s stock worth $5,442,000 after purchasing an additional 229,441 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADT. Morgan Stanley upped their price target on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ADT in a research report on Thursday. Zacks Research lowered shares of ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Citigroup raised 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. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.38.

ADT Price Performance

ADT stock opened at $8.27 on Monday. ADT Inc. has a 52 week low of $6.71 and a 52 week high of $8.94. The firm has a market capitalization of $6.78 billion, a P/E ratio of 11.98 and a beta of 1.00. The company has a fifty day simple moving average of $8.59 and a two-hundred day simple moving average of $8.49. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99.

ADT (NYSE:ADT) last issued its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $1.31 billion for the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. Analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a dividend of $0.055 per share. The ex-dividend date is Thursday, December 11th. This represents a $0.22 dividend on an annualized basis and a yield of 2.7%. ADT’s payout ratio is presently 31.88%.

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.