Quadrature Capital Ltd cut its holdings in ADT Inc. (NYSE:ADT - Free Report) by 94.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,769 shares of the security and automation business's stock after selling 239,770 shares during the period. Quadrature Capital Ltd's holdings in ADT were worth $100,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in ADT. SG Americas Securities LLC bought a new position in shares of ADT in the second quarter worth about $1,143,000. Nisa Investment Advisors LLC acquired a new stake in ADT during the second quarter worth about $289,000. Neo Ivy Capital Management acquired a new stake in ADT during the second quarter worth about $382,000. Pallas Capital Advisors LLC grew its position in ADT by 66.8% during the second quarter. Pallas Capital Advisors LLC now owns 47,495 shares of the security and automation business's stock worth $366,000 after buying an additional 19,018 shares in the last quarter. Finally, Highland Capital Management LLC grew its position in ADT by 13.7% during the second quarter. Highland Capital Management LLC now owns 25,101 shares of the security and automation business's stock worth $191,000 after buying an additional 3,024 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors.
NYSE ADT opened at $7.26 on Friday. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 7.89 and a beta of 1.49. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 1-year low of $6.02 and a 1-year high of $8.25. The stock's 50 day moving average is $7.38 and its two-hundred day moving average is $7.35.
ADT (NYSE:ADT - Get Free Report) last announced its earnings results on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. ADT's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. Equities analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, December 12th. ADT's payout ratio is currently 23.91%.
ADT has been the topic of a number of recent research reports. Royal Bank of Canada lifted their target price on ADT from $8.00 to $9.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on ADT from $8.20 to $9.20 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Morgan Stanley lifted their price objective on ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a report on Thursday.
View Our Latest Stock Report on 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.
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