First Trust Advisors LP Buys 196,227 Shares of ADT Inc. (NYSE:ADT)

Posted by on Mar 10th, 2023

First Trust Advisors LP raised its stake in ADT Inc. (NYSE:ADT – Get Rating) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,343,057 shares of the security and automation business’s stock after buying an additional 196,227 shares during the period. First Trust Advisors LP owned about 0.26% of ADT worth $17,549,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of ADT during the 2nd quarter valued at about $49,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of ADT during the 2nd quarter valued at about $62,000. Apollon Wealth Management LLC bought a new stake in shares of ADT during the 2nd quarter valued at about $62,000. Los Angeles Capital Management LLC bought a new position in ADT in the second quarter worth approximately $67,000. Finally, Trexquant Investment LP bought a new position in ADT in the second quarter worth approximately $78,000. Institutional investors own 96.76% of the company’s stock.

ADT Stock Performance

Shares of ADT stock opened at $7.63 on Friday. The company has a market cap of $6.97 billion, a PE ratio of 40.16 and a beta of 1.75. ADT Inc. has a 52 week low of $6.00 and a 52 week high of $10.10. The business has a 50 day moving average price of $8.57 and a 200-day moving average price of $8.56. The company has a quick ratio of 0.49, a current ratio of 0.65 and a debt-to-equity ratio of 2.61.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Thursday, March 16th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, March 15th. ADT’s dividend payout ratio (DPR) is presently 73.69%.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a “buy” rating and issued a $11.00 price target on shares of ADT in a report on Thursday, December 1st.

Insider Transactions at ADT

In other news, EVP Daniel Bresingham sold 257,959 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $9.60, for a total value of $2,476,406.40. Following the completion of the sale, the executive vice president now directly owns 1,776,114 shares of the company’s stock, valued at $17,050,694.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.80% of the company’s stock.

About ADT

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ADT, Inc engages in the provision of security, automation, and smart home solutions. Its products include security panels, security cameras, ADT mobile application, and identity theft protection. The firm also offers home security systems, fire and life safety, smart home automation, security for renters, and multifamily solutions and services.

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Institutional Ownership by Quarter for ADT (NYSE:ADT)

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