ADT Inc. (NYSE:ADT) Shares Acquired by Ariel Investments LLC

Ariel Investments LLC boosted its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 2.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,360,559 shares of the security and automation business's stock after purchasing an additional 780,762 shares during the quarter. ADT makes up approximately 2.5% of Ariel Investments LLC's holdings, making the stock its 4th largest position. Ariel Investments LLC owned approximately 3.29% of ADT worth $230,740,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of ADT during the second quarter worth about $30,000. Delap Wealth Advisory LLC boosted its stake in ADT by 81.3% during the 2nd quarter. Delap Wealth Advisory LLC now owns 39,786 shares of the security and automation business's stock valued at $302,000 after purchasing an additional 17,837 shares during the period. Pacer Advisors Inc. bought a new position in ADT in the 2nd quarter worth about $195,461,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of ADT by 19.2% in the second 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, Amalgamated Bank raised its holdings in shares of ADT by 19.2% during the second quarter. Amalgamated Bank now owns 50,012 shares of the security and automation business's stock valued at $380,000 after buying an additional 8,053 shares during the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered their target price on ADT from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research report on Friday, August 2nd.

ADT Price Performance

ADT stock traded up $0.20 during trading hours on Thursday, hitting $7.34. 3,423,264 shares of the company traded hands, compared to its average volume of 4,988,551. The firm's 50-day simple moving average is $7.32 and its two-hundred day simple moving average is $7.08. The firm has a market cap of $6.77 billion, a P/E ratio of 10.20 and a beta of 1.54. ADT Inc. has a 1-year low of $5.53 and a 1-year high of $7.92. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.17. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. As a group, analysts forecast that ADT Inc. will post 0.62 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, September 13th. This represents a $0.22 annualized dividend and a dividend yield of 3.00%. ADT's dividend payout ratio (DPR) is 31.43%.

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.