Bayforest Capital Ltd Acquires Shares of 9,082 ADT Inc. $ADT

by · The Markets Daily

Bayforest Capital Ltd bought a new position in shares of ADT Inc. (NYSE:ADTFree Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,082 shares of the security and automation business’s stock, valued at approximately $74,000.

A number of other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in ADT during the 1st quarter worth approximately $35,000. True Wealth Design LLC purchased a new stake in ADT in the 4th quarter valued at $36,000. AlphaQuest LLC boosted its stake in ADT by 80.9% during the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock worth $43,000 after purchasing an additional 2,370 shares during the period. Northwest Wealth Management LLC purchased a new position in ADT during the 1st quarter worth $87,000. Finally, Cresset Asset Management LLC acquired a new position in ADT in the first quarter valued at $93,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction on Monday, July 28th. The stock was sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the transaction, the insider directly owned 112,650,366 shares of the company’s stock, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ADT has been the topic of a number of research reports. Citigroup raised their price target on ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Zacks Research raised ADT to a “strong-buy” rating in a report on Tuesday, August 12th. Wall Street Zen downgraded ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Finally, Morgan Stanley boosted their price objective on shares of ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.34.

View Our Latest Research Report on ADT

ADT Price Performance

ADT stock opened at $8.81 on Friday. The company has a market cap of $7.32 billion, a P/E ratio of 13.35 and a beta of 1.13. ADT Inc. has a one year low of $6.68 and a one year high of $8.89. The business has a fifty day moving average of $8.57 and a two-hundred day moving average of $8.25. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46.

ADT (NYSE:ADTGet Free Report) last announced its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 earnings per share. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.055 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. ADT’s dividend payout ratio is currently 33.33%.

About ADT

(Free Report)

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.

Further Reading

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