Delap Wealth Advisory LLC Invests $147,000 in ADT Inc. (NYSE:ADT)

Delap Wealth Advisory LLC purchased a new stake in ADT Inc. (NYSE:ADT) during the 1st quarter, HoldingsChannel reports. The fund purchased 21,949 shares of the security and automation business’s stock, valued at approximately $147,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in ADT by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock worth $237,930,000 after purchasing an additional 3,427,575 shares during the period. LSV Asset Management bought a new position in shares of ADT in the first quarter valued at approximately $22,667,000. Bracebridge Capital LLC purchased a new position in ADT during the first quarter valued at approximately $10,080,000. Norges Bank bought a new stake in ADT during the 4th quarter worth approximately $9,870,000. Finally, Dimensional Fund Advisors LP lifted its stake in ADT by 10.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,587,542 shares of the security and automation business’s stock worth $51,748,000 after purchasing an additional 741,658 shares in the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Price Performance

NYSE:ADT traded up $0.03 during trading hours on Friday, hitting $7.74. The stock had a trading volume of 1,542,439 shares, compared to its average volume of 5,172,064. The company has a 50 day simple moving average of $7.40 and a two-hundred day simple moving average of $6.89. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 11.01 and a beta of 1.59. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.71 and a quick ratio of 0.56. ADT Inc. has a one year low of $5.53 and a one year high of $7.92.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, April 25th. The security and automation business reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. ADT had a return on equity of 15.98% and a net margin of 12.81%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business posted $0.11 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. Research analysts forecast that ADT Inc. will post 0.67 earnings per share for the current fiscal year.

ADT Profile

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.