The Vanguard Group, Inc. recently announced the acquisition of new stake in ADT Inc. (NYSE:ADT). The institutional investor has increased its shareholding in the Industrials company by 53.96% to 30.68 million shares with purchase of 10.75 million shares. This fresh investment now brings its stake to 3.56% valued currently at $205.53 million. In addition, Ariel Investments LLC raised its holdings by 1.93 million to 18.76 million shares. And BlackRock Fund Advisors has lifted its position by 4.00% or 0.32 million shares – to 8.4 million shares.
With over 1.9 million ADT Inc. (ADT) shares trading Friday and a closing price of $6.00 on the day, the dollar volume was approximately $11.38 million. The shares have shown a negative half year performance of -34.92% and its price on 05/19/23 lost nearly -0.83%. Currently, there are 909.04M common shares owned by the public and among those 788.45M shares have been available to trade.
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The analysts have set the share’s price value over the next 12 months at a high of $13.00 and a low of $8.00. The average price target is 37.5% above its recent price level and an upside to the estimated low will see the stock gain 25.0% over that period. But an upside of 53.85% will see the stock hit the forecast high price target while median target price for the stock is $9.30.
Insiders at the company have transacted a total of 108 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 73 of these insider trades were purchases, accounting for 2,569,006 shares. Insider sales of the common stock occurred on 35 occasions, with total insider shares sold totaling 112,118,901 shares.
The top 3 mutual fund holders in ADT Inc. are Ariel Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. Ariel Fund owns 10.12 million shares of the company’s stock, all valued at over $67.78 million. The company sold -0.61 million shares recently to bring their total holdings to about 1.17% of the shares outstanding. Vanguard Total Stock Market ETF sold -1.11 million shares to see its total holdings shrink to 9.38 million shares valued at over $62.86 million and representing 1.09% of the shares outstanding. Vanguard Small Cap Index Fund sold -1.09 million shares to bring its total holdings to over 7.87 million shares at a value of $52.7 million. Vanguard Small Cap Index Fund now owns shares totaling to 0.91% of the shares outstanding.
Shares of ADT Inc. (NYSE: ADT) opened at $6.07, up $0.02 from a prior closing price of $6.05. However, the script later moved the day high at 6.10, down -0.83%. The company’s stock has a 5-day price change of 0.00% and -28.32% over the past three months. ADT shares are trading -33.85% year to date (YTD), with the 12-month market performance down to -12.92% lower. It has a 12-month low price of $4.89 and touched a high of $10.10 over the same period. ADT has an average intraday trading volume of 3.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.65%, -10.36%, and -25.50% respectively.
Institutional ownership of ADT Inc. (NYSE: ADT) shares accounts for 90.70% of the company’s 909.04M shares outstanding. Mutual fund holders own 78.55%, while other institutional holders and individual stakeholders account for 9.61% and 23.63% respectively.
It has a market capitalization of $5.58B and a beta (3y monthly) value of 1.73. The stock’s trailing 12-month PE ratio is 6000.00, while the earnings-per-share (ttm) stands at $0.00. The company has a PEG of 1538.46 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 2.97. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.52% over the week and 4.35% over the month.
Analysts forecast that ADT Inc. (ADT) will achieve an EPS of $0.06 for the current quarter, $0.08 for the next quarter and $0.44 for 2024. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 143.10%, and 29.12% over the next financial year. EPS should grow at an annualized rate of 3.90% over the next five years, compared to -15.70% over the past 5-year period.
