Quadrature Capital Ltd Sells 239,770 Shares of ADT Inc. (NYSE:ADT)

Quadrature Capital Ltd decreased its position in ADT Inc. (NYSE:ADT) by 94.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,769 shares of the security and automation business’s stock after selling 239,770 shares during the period. Quadrature Capital Ltd’s holdings in ADT were worth $100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ADT. SG Americas Securities LLC acquired a new position in shares of ADT in the 2nd quarter valued at $1,143,000. Nisa Investment Advisors LLC acquired a new position in shares of ADT in the 2nd quarter valued at $289,000. Neo Ivy Capital Management acquired a new position in shares of ADT in the 2nd quarter valued at $382,000. Pallas Capital Advisors LLC grew its holdings in shares of ADT by 66.8% in the 2nd quarter. Pallas Capital Advisors LLC now owns 47,495 shares of the security and automation business’s stock valued at $366,000 after buying an additional 19,018 shares during the period. Finally, Highland Capital Management LLC grew its holdings in shares of ADT by 13.7% in the 2nd quarter. Highland Capital Management LLC now owns 25,101 shares of the security and automation business’s stock valued at $191,000 after buying an additional 3,024 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Price Performance

Shares of NYSE ADT opened at $7.26 on Friday. The company has a fifty day moving average price of $7.38 and a 200 day moving average price of $7.35. ADT Inc. has a 1-year low of $6.02 and a 1-year high of $8.25. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The firm has a market cap of $6.58 billion, a PE ratio of 7.89 and a beta of 1.49.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $0.07 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.03%. ADT’s dividend payout ratio is 23.91%.

Analysts Set New Price Targets

ADT has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday. The Goldman Sachs Group upped their target price on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada upped their target price on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th.

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.