Atria Investments Inc Takes Position in ADT Inc. (NYSE:ADT)

Atria Investments Inc purchased a new stake in shares of ADT Inc. (NYSE:ADT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,650 shares of the security and automation business’s stock, valued at approximately $99,000.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in ADT in the second quarter worth about $26,000. Altshuler Shaham Ltd purchased a new stake in ADT during the 2nd quarter valued at about $30,000. Duncker Streett & Co. Inc. purchased a new stake in shares of ADT during the second quarter valued at approximately $38,000. Abich Financial Wealth Management LLC bought a new stake in shares of ADT in the 3rd quarter worth $70,000. Finally, Checchi Capital Advisers LLC purchased a new position in shares of ADT in the second quarter worth $77,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Price Performance

Shares of ADT stock opened at $7.54 on Monday. The company has a 50 day simple moving average of $7.29 and a two-hundred day simple moving average of $7.32. The stock has a market cap of $6.84 billion, a P/E ratio of 8.20 and a beta of 1.52. ADT Inc. has a 12 month low of $5.63 and a 12 month high of $8.25. 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 (NYSE:ADT) last issued its quarterly 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 analyst estimates of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. ADT’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. On average, research analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s payout ratio is 23.91%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ADT. The Goldman Sachs Group increased 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 raised their price target on shares of ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, October 25th.

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.