Wright Investors Service Inc. Takes $494,000 Position in ADT Inc. (NYSE:ADT)

Wright Investors Service Inc. purchased a new position in shares of ADT Inc. (NYSE:ADT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 71,531 shares of the security and automation business’s stock, valued at approximately $494,000.

Several other institutional investors have also recently made changes to their positions in ADT. Pacer Advisors Inc. grew its position in ADT by 20.3% in the third quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock worth $223,707,000 after acquiring an additional 5,222,972 shares during the period. Ariel Investments LLC lifted its stake in shares of ADT by 2.6% in the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock valued at $230,740,000 after purchasing an additional 780,762 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of ADT by 61.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock worth $93,937,000 after purchasing an additional 4,705,544 shares during the period. AQR Capital Management LLC increased its position in shares of ADT by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business’s stock worth $59,755,000 after purchasing an additional 3,370,550 shares during the last quarter. Finally, State Street Corp raised its holdings in ADT by 7.5% in the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock valued at $48,060,000 after buying an additional 457,918 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

ADT has been the subject of several research analyst reports. Royal Bank of Canada increased 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. Morgan Stanley increased their price objective on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their target price on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th.

ADT Stock Up 0.7 %

Shares of NYSE:ADT opened at $6.92 on Tuesday. The firm has a market capitalization of $6.28 billion, a PE ratio of 7.52 and a beta of 1.51. ADT Inc. has a 1 year low of $6.02 and a 1 year high of $8.25. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The firm’s 50-day moving average is $7.30 and its two-hundred day moving average is $7.29.

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

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, December 12th. ADT’s payout ratio is currently 23.91%.

ADT Company 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.