Quantbot Technologies LP Acquires 113,235 Shares of ADT Inc. (NYSE:ADT)

Quantbot Technologies LP grew its stake in ADT Inc. (NYSE:ADT - Free Report) by 83.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 249,370 shares of the security and automation business's stock after purchasing an additional 113,235 shares during the period. Quantbot Technologies LP's holdings in ADT were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in ADT by 20.3% in the 3rd quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business's stock valued at $223,707,000 after acquiring an additional 5,222,972 shares during the period. Ariel Investments LLC increased its holdings in ADT by 2.6% in the second quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business's stock valued at $230,740,000 after purchasing an additional 780,762 shares during the period. Dimensional Fund Advisors LP raised its position in ADT by 61.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business's stock worth $93,937,000 after purchasing an additional 4,705,544 shares during the last quarter. LSV Asset Management increased its stake in shares of ADT by 186.0% in the second quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business's stock valued at $73,310,000 after buying an additional 6,272,974 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of ADT by 75.0% in the second quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business's stock worth $59,755,000 after acquiring an additional 3,370,550 shares during the period. 87.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ADT. Royal Bank of Canada increased their target price on shares of ADT from $8.00 to $9.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th. The Goldman Sachs Group boosted their target price on shares of ADT from $8.20 to $9.20 and gave the company a "buy" rating in a report on Friday, October 25th.

ADT Stock Down 0.5 %

Shares of NYSE ADT traded down $0.04 during trading on Friday, hitting $7.62. 2,341,594 shares of the company traded hands, compared to its average volume of 5,377,490. The business's fifty day moving average is $7.33 and its 200 day moving average is $7.34. ADT Inc. has a fifty-two week low of $5.79 and a fifty-two week high of $8.25. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 8.28 and a beta of 1.52.

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

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.22 annualized dividend and a yield of 2.89%. ADT's dividend payout ratio is currently 23.91%.

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.