Pacer Advisors Inc. Acquires New Position in ADT Inc. (NYSE:ADT)

Pacer Advisors Inc. bought a new position in shares of ADT Inc. (NYSE:ADT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,718,537 shares of the security and automation business’s stock, valued at approximately $195,461,000. Pacer Advisors Inc. owned about 2.79% of ADT at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. TFO Wealth Partners LLC raised its holdings in shares of ADT by 10,738.7% during the 4th quarter. TFO Wealth Partners LLC now owns 3,360 shares of the security and automation business’s stock worth $211,000 after buying an additional 3,329 shares in the last quarter. Acadian Asset Management LLC bought a new position in ADT in the second quarter valued at about $26,000. Duncker Streett & Co. Inc. acquired a new position in ADT during the second quarter worth about $38,000. Raleigh Capital Management Inc. bought a new position in shares of ADT in the fourth quarter worth about $36,000. Finally, Checchi Capital Advisers LLC bought a new position in shares of ADT in the second quarter worth about $77,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

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

ADT Trading Down 1.5 %

Shares of ADT stock opened at $7.26 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $6.70 billion, a P/E ratio of 10.37 and a beta of 1.54. ADT Inc. has a twelve month low of $5.53 and a twelve month high of $7.92. The stock’s fifty day simple moving average is $7.35 and its 200 day simple moving average is $7.07.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. ADT had a return on equity of 15.45% and a net margin of 13.83%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the business posted $0.15 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that ADT Inc. will post 0.62 EPS for the current fiscal year.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.03%. ADT’s dividend payout ratio (DPR) is presently 31.43%.

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.