Los Angeles Capital Management LLC Reduces Stock Holdings in ADT Inc. (NYSE:ADT)

Los Angeles Capital Management LLC lowered its position in shares of ADT Inc. (NYSE:ADT) by 11.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 58,897 shares of the security and automation business’s stock after selling 7,733 shares during the quarter. Los Angeles Capital Management LLC’s holdings in ADT were worth $426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADT. Atria Investments Inc acquired a new stake in ADT in the third quarter valued at approximately $99,000. Innealta Capital LLC raised its position in ADT by 170.5% in the third quarter. Innealta Capital LLC now owns 36,380 shares of the security and automation business’s stock valued at $263,000 after purchasing an additional 22,933 shares during the period. New York State Teachers Retirement System raised its position in ADT by 12.9% in the third quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock valued at $193,000 after purchasing an additional 3,054 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in ADT in the third quarter valued at $70,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of ADT in the third quarter valued at $190,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Ratings Changes

ADT has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their price objective on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th.

ADT Price Performance

ADT opened at $7.49 on Monday. The business has a 50 day moving average price of $7.24 and a two-hundred day moving average price of $7.29. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The company has a market cap of $6.79 billion, a PE ratio of 8.14 and a beta of 1.52. ADT Inc. has a 52 week low of $5.63 and a 52 week high of $8.25.

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

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s dividend payout ratio is currently 23.91%.

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.