BNP Paribas Financial Markets Has $1.42 Million Stock Position in ADT Inc. (NYSE:ADT)

BNP Paribas Financial Markets lifted its holdings in ADT Inc. (NYSE:ADT) by 911.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 195,810 shares of the security and automation business’s stock after purchasing an additional 176,454 shares during the quarter. BNP Paribas Financial Markets’ holdings in ADT were worth $1,416,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in shares of ADT during the second quarter worth $26,000. Altshuler Shaham Ltd acquired a new stake in shares of ADT in the 2nd quarter valued at about $30,000. Duncker Streett & Co. Inc. bought a new stake in shares of ADT in the second quarter valued at about $38,000. Abich Financial Wealth Management LLC acquired a new position in shares of ADT during the third quarter worth about $70,000. Finally, Diversify Advisory Services LLC bought a new position in shares of ADT during the second quarter worth about $76,000. 87.22% of the stock is owned by institutional investors.

ADT Price Performance

NYSE:ADT opened at $7.53 on Monday. The stock has a market capitalization of $6.83 billion, a PE ratio of 8.18 and a beta of 1.49. ADT Inc. has a 1-year low of $6.02 and a 1-year high of $8.25. The firm has a fifty day simple moving average of $7.37 and a 200 day simple moving average of $7.35. 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 earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 18.18% and a return on equity of 17.77%. ADT’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. On average, research analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ADT shares. Royal Bank of Canada upped their price target on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their target price on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a report on Friday, October 25th.

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.