Magnetar Financial LLC Makes New $73,000 Investment in ADT Inc. (NYSE:ADT)

Magnetar Financial LLC bought a new position in ADT Inc. (NYSE:ADT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,582 shares of the security and automation business’s stock, valued at approximately $73,000.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in ADT by 11.7% in the 4th quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock worth $238,906,000 after purchasing an additional 3,632,502 shares during the period. State Street Corp lifted its holdings in shares of ADT by 7.5% in the third quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock valued at $48,060,000 after purchasing an additional 457,918 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after buying an additional 1,543,677 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of ADT by 21.4% during the fourth quarter. Bank of New York Mellon Corp now owns 5,464,151 shares of the security and automation business’s stock valued at $37,757,000 after buying an additional 961,785 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in ADT by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business’s stock valued at $36,341,000 after buying an additional 609,842 shares during the period. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Stock Performance

Shares of NYSE ADT opened at $7.74 on Monday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT Inc. has a one year low of $6.10 and a one year high of $8.39. The business’s 50-day moving average price is $7.53 and its two-hundred day moving average price is $7.34. The company has a market capitalization of $6.78 billion, a P/E ratio of 8.41 and a beta of 1.58.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 13th. ADT’s payout ratio is presently 41.51%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 target price on shares of ADT in a research note on Wednesday, January 29th. Morgan Stanley boosted their price objective on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th.

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.