BNP Paribas Arbitrage SA grew its holdings in shares of ADT Inc (NYSE:ADT) by 42.2% in the first quarter, Holdings Channel reports. The institutional investor owned 5,864 shares of the security and automation business’s stock after acquiring an additional 1,741 shares during the period. BNP Paribas Arbitrage SA’s holdings in ADT were worth $37,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of ADT. Acadian Asset Management LLC bought a new position in shares of ADT during the fourth quarter valued at about $45,000. Two Sigma Advisers LP bought a new position in shares of ADT during the fourth quarter valued at about $61,000. Blueshift Asset Management LLC bought a new position in shares of ADT during the fourth quarter valued at about $88,000. NumerixS Investment Technologies Inc lifted its position in shares of ADT by 344.7% during the fourth quarter. NumerixS Investment Technologies Inc now owns 16,900 shares of the security and automation business’s stock valued at $103,000 after purchasing an additional 13,100 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new position in shares of ADT during the fourth quarter valued at about $103,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.
A number of research firms recently weighed in on ADT. Zacks Investment Research raised shares of ADT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Barclays reissued a “buy” rating and set a $8.00 price target on shares of ADT in a research report on Wednesday, April 17th. ValuEngine raised shares of ADT from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Imperial Capital reissued an “outperform” rating and set a $12.00 price target (down from $15.00) on shares of ADT in a research report on Friday, March 15th. Finally, Morgan Stanley lowered shares of ADT from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $9.00 to $7.00 in a research report on Monday, May 13th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. ADT presently has an average rating of “Buy” and a consensus target price of $10.53.
ADT (NYSE:ADT) last announced its quarterly earnings data on Monday, March 11th. The security and automation business reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.15). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. ADT had a negative return on equity of 2.45% and a negative net margin of 11.01%. Equities analysts anticipate that ADT Inc will post 0.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 11th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 2.24%. The ex-dividend date is Monday, June 10th. ADT’s dividend payout ratio is -87.50%.
ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.
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