Quadrature Capital Ltd Sells 239,770 Shares of ADT Inc. (NYSE:ADT)

Quadrature Capital Ltd trimmed its position in ADT Inc. (NYSE:ADT - Free Report) by 94.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADT. Acadian Asset Management LLC acquired a new position in shares of ADT in the 2nd quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new position in ADT in the second quarter worth approximately $30,000. Duncker Streett & Co. Inc. bought a new position in shares of ADT in the second quarter valued at $38,000. Abich Financial Wealth Management LLC bought a new position in shares of ADT in the third quarter valued at $70,000. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of ADT during the 2nd quarter valued at $77,000. 87.22% of the stock is owned by institutional investors.

ADT Stock Down 0.8 %

Shares of ADT traded down $0.06 during mid-day trading on Friday, reaching $7.20. The company's stock had a trading volume of 3,202,212 shares, compared to its average volume of 5,335,140. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 7.83 and a beta of 1.49. The business has a fifty day moving average of $7.38 and a 200 day moving average of $7.35. The company has a quick ratio of 0.64, a current ratio of 0.81 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.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a return on equity of 17.77% and a net margin of 18.18%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business earned $0.07 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.055 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.22 annualized dividend and a yield of 3.06%. ADT's dividend payout ratio is presently 23.91%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ADT. 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 report on Friday, October 25th. Morgan Stanley lifted their price target on ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, The Goldman Sachs Group upped their price objective on shares of ADT from $8.20 to $9.20 and gave the company a "buy" rating in a research note on Friday, October 25th.

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.