Trexquant Investment LP Takes $8.62 Million Position in ADT Inc. (NYSE:ADT)

Trexquant Investment LP acquired a new stake in shares of ADT Inc. (NYSE:ADT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,247,352 shares of the security and automation business's stock, valued at approximately $8,619,000. Trexquant Investment LP owned approximately 0.14% of ADT as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of ADT by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business's stock worth $1,245,000 after acquiring an additional 1,343 shares during the period. FMR LLC boosted its stake in ADT by 1.4% during the 3rd quarter. FMR LLC now owns 2,003,325 shares of the security and automation business's stock valued at $14,484,000 after purchasing an additional 27,711 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of ADT by 911.6% during the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business's stock valued at $1,416,000 after buying an additional 176,454 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of ADT by 31.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,028 shares of the security and automation business's stock worth $521,000 after acquiring an additional 17,145 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of ADT by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 922,325 shares of the security and automation business's stock valued at $6,668,000 after purchasing an additional 9,732 shares during the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on ADT. Morgan Stanley boosted their price target on shares of ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $9.00 target price on shares of ADT in a report on Wednesday, January 29th. Finally, Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $7.00 to $9.00 in a report on Friday, April 4th.

ADT Stock Performance

Shares of ADT stock traded up $0.40 on Wednesday, hitting $7.94. 22,297,434 shares of the stock were exchanged, compared to its average volume of 7,399,110. The firm's 50 day moving average is $7.73 and its two-hundred day moving average is $7.43. ADT Inc. has a one year low of $6.10 and a one year high of $8.39. The firm has a market capitalization of $6.96 billion, a PE ratio of 8.63 and a beta of 1.42. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were issued a dividend of $0.055 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 2.77%. ADT's dividend payout ratio (DPR) is 41.51%.

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.