ADT Inc. (NYSE:ADT) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in ADT Inc. (NYSE:ADT - Free Report) by 218.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,615 shares of the security and automation business's stock after purchasing an additional 116,393 shares during the quarter. Victory Capital Management Inc.'s holdings in ADT were worth $1,226,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of ADT in the second quarter worth about $26,000. Altshuler Shaham Ltd bought a new position in shares of ADT during the 2nd quarter valued at approximately $30,000. Duncker Streett & Co. Inc. bought a new position in shares of ADT during the 2nd quarter valued at approximately $38,000. Abich Financial Wealth Management LLC purchased a new position in shares of ADT in the third quarter valued at $70,000. Finally, Diversify Advisory Services LLC purchased a new stake in ADT during the second quarter valued at $76,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Price Performance

Shares of ADT opened at $7.69 on Wednesday. The company has a 50 day moving average of $7.30 and a two-hundred day moving average of $7.32. 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 twelve month low of $5.63 and a twelve month high of $8.25. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 8.36 and a beta of 1.52.

ADT (NYSE:ADT - Get Free Report) last announced its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share 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 for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.07 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts predict 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. Investors of record on Thursday, December 12th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, December 12th. ADT's payout ratio is currently 23.91%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ADT shares. The Goldman Sachs Group upped their price objective on ADT from $8.20 to $9.20 and gave the company a "buy" rating in a research report on Friday, October 25th. Royal Bank of Canada upped their target price on shares of ADT from $8.00 to $9.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th.

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.