Dynamic Technology Lab Private Ltd Grows Stake in ADT Inc. $ADT

Dynamic Technology Lab Private Ltd raised its holdings in ADT Inc. (NYSE:ADT) by 529.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 92,166 shares of the security and automation business’s stock after buying an additional 77,528 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in ADT were worth $781,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in ADT by 548.4% in the first quarter. Envestnet Asset Management Inc. now owns 159,115 shares of the security and automation business’s stock worth $1,295,000 after acquiring an additional 134,575 shares during the period. Allianz Asset Management GmbH raised its holdings in ADT by 52.2% in 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. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of ADT by 305.9% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 971,224 shares of the security and automation business’s stock worth $7,906,000 after purchasing an additional 731,930 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of ADT in the 1st quarter worth about $1,490,000. Finally, Corton Capital Inc. bought a new stake in shares of ADT during the 1st quarter valued at about $103,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADT has been the subject of a number of research reports. Zacks Research downgraded shares of ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Morgan Stanley increased their target price on ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Citigroup raised their target price on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Wall Street Zen cut ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ADT in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, ADT currently has a consensus rating of “Hold” and a consensus target price of $9.38.

ADT Price Performance

ADT opened at $7.90 on Friday. The stock has a 50-day moving average price of $8.51 and a 200-day moving average price of $8.48. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.67 and a quick ratio of 0.54. The firm has a market cap of $6.48 billion, a PE ratio of 11.45 and a beta of 1.00. ADT Inc. has a 1 year low of $6.71 and a 1 year high of $8.94.

ADT (NYSE:ADT) last announced its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. The firm 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%. Sell-side analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.8%. ADT’s dividend payout ratio (DPR) is 31.88%.

ADT Company 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.