Dark Forest Capital Management LP Takes Position in ADT Inc. (NYSE:ADT)

Dark Forest Capital Management LP bought a new position in ADT Inc. (NYSE:ADT) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 44,238 shares of the security and automation business’s stock, valued at approximately $336,000.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. bought a new stake in ADT in the 2nd quarter worth approximately $195,461,000. Ariel Investments LLC increased its position in ADT by 31.8% in the first quarter. Ariel Investments LLC now owns 29,579,797 shares of the security and automation business’s stock worth $198,776,000 after purchasing an additional 7,131,950 shares during the last quarter. LSV Asset Management increased its position in 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 worth $73,310,000 after purchasing an additional 6,272,974 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in ADT by 61.5% during the second quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock valued at $93,937,000 after purchasing an additional 4,705,544 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in ADT by 10.7% during the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after purchasing an additional 3,427,575 shares during the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Stock Performance

NYSE ADT opened at $7.30 on Friday. The business’s 50 day moving average price is $7.31 and its 200-day moving average price is $7.08. ADT Inc. has a fifty-two week low of $5.53 and a fifty-two week high of $7.92. The company has a market cap of $6.73 billion, a P/E ratio of 10.43 and a beta of 1.54. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75.

ADT (NYSE:ADT) last announced its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. ADT had a net margin of 13.83% and a return on equity of 15.45%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts predict that ADT Inc. will post 0.62 earnings per share for the current year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, September 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.01%. ADT’s dividend payout ratio is 31.43%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada decreased their target price on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd.

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.