Victory Capital Management Inc. Boosts Stake in ADT Inc. (NYSE:ADT)

Victory Capital Management Inc. raised its position in shares of ADT Inc. (NYSE:ADT) by 218.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,615 shares of the security and automation business’s stock after buying 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.

A number of other large investors have also added to or reduced their stakes in ADT. Acadian Asset Management LLC purchased a new stake in ADT during the second quarter valued at approximately $26,000. Altshuler Shaham Ltd bought a new stake in ADT in the second quarter worth $30,000. Duncker Streett & Co. Inc. purchased a new position in ADT during the second quarter worth $38,000. Abich Financial Wealth Management LLC bought a new position in ADT during the third quarter valued at $70,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of ADT in the second quarter valued at $76,000. Institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

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

ADT Stock Up 0.5 %

ADT stock opened at $7.69 on Wednesday. The business’s 50-day simple moving average is $7.30 and its two-hundred day simple moving average is $7.32. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The company has a market cap of $6.97 billion, a PE ratio of 8.32 and a beta of 1.52. ADT Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $8.25.

ADT (NYSE:ADT) last announced its quarterly 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. The company had revenue of $1.24 billion for 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 firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. Equities analysts anticipate that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.86%. ADT’s dividend payout ratio (DPR) is 23.91%.

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.