NorthCrest Asset Manangement LLC Makes New Investment in ADT Inc. (NYSE:ADT)

NorthCrest Asset Manangement LLC acquired a new stake in shares of ADT Inc. (NYSE:ADT) during the first quarter, Holdings Channel.com reports. The fund acquired 13,637 shares of the security and automation business’s stock, valued at approximately $111,000.

A number of other institutional investors have also made changes to their positions in ADT. Vanguard Group Inc. raised its position in shares of ADT by 20.6% in the 4th quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock valued at $307,876,000 after purchasing an additional 7,610,709 shares in the last quarter. Norges Bank bought a new stake in shares of ADT in the fourth quarter worth $153,824,000. Dimensional Fund Advisors LP raised its holdings in ADT by 31.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business’s stock valued at $148,246,000 after acquiring an additional 5,089,056 shares in the last quarter. LSV Asset Management boosted its stake in ADT by 5.1% during the 4th quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business’s stock valued at $74,927,000 after acquiring an additional 523,333 shares during the last quarter. Finally, Zimmer Partners LP acquired a new position in ADT during the 4th quarter worth $48,687,000. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Stock Performance

Shares of ADT opened at $8.27 on Tuesday. The stock has a market capitalization of $6.92 billion, a PE ratio of 8.99 and a beta of 1.23. The business’s fifty day moving average price is $8.18 and its 200 day moving average price is $7.72. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT Inc. has a 12-month low of $6.53 and a 12-month high of $8.72.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $0.16 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts forecast that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.66%. ADT’s dividend payout ratio is currently 37.93%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays raised shares of ADT from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a report on Monday, April 21st.

Insider Buying and Selling at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the completion of the transaction, the insider now directly owns 228,650,366 shares in the company, valued at $1,833,775,935.32. This represents a 17.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by insiders.

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.