Walleye Capital LLC Buys Shares of 196,532 ADT Inc. (NYSE:ADT)

Walleye Capital LLC acquired a new position in ADT Inc. (NYSE:ADT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 196,532 shares of the security and automation business's stock, valued at approximately $1,358,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ADT. Headlands Technologies LLC bought a new position in shares of ADT in the 4th quarter worth about $62,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ADT during the fourth quarter worth about $73,000. Magnetar Financial LLC purchased a new stake in ADT in the fourth quarter worth about $73,000. Federated Hermes Inc. increased its stake in shares of ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after purchasing an additional 1,449 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of ADT during the fourth quarter valued at approximately $74,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $9.00 target price on shares of ADT in a research note on Monday. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $7.00 to $9.00 in a research report on Friday, April 4th.

ADT Stock Performance

Shares of NYSE:ADT traded up $0.07 during midday trading on Wednesday, reaching $7.92. 20,325,851 shares of the company's stock traded hands, compared to its average volume of 7,801,986. ADT Inc. has a one year low of $6.23 and a one year high of $8.39. The stock has a 50 day moving average of $7.78 and a 200 day moving average of $7.47. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 8.61 and a beta of 1.42. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, March 13th. ADT's dividend payout ratio is currently 41.51%.

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.