ADT Inc. (NYSE:ADT) Stock Holdings Cut by Arnhold LLC

Arnhold LLC lessened its position in ADT Inc. (NYSE:ADT) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,545,778 shares of the security and automation business’s stock after selling 18,916 shares during the period. Arnhold LLC owned approximately 0.17% of ADT worth $10,542,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its stake in shares of ADT by 21.3% during the 4th quarter. Pacer Advisors Inc. now owns 15,627,166 shares of the security and automation business’s stock worth $106,577,000 after acquiring an additional 2,740,447 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of ADT by 90.6% during the third quarter. William Blair Investment Management LLC now owns 3,741,873 shares of the security and automation business’s stock worth $22,451,000 after acquiring an additional 1,778,262 shares in the last quarter. Ariel Investments LLC boosted its position in ADT by 5.3% during the third quarter. Ariel Investments LLC now owns 22,429,407 shares of the security and automation business’s stock valued at $134,576,000 after purchasing an additional 1,127,309 shares during the last quarter. Nordea Investment Management AB purchased a new position in ADT in the fourth quarter valued at about $6,696,000. Finally, Deutsche Bank AG increased its position in ADT by 44.2% in the 3rd quarter. Deutsche Bank AG now owns 1,966,871 shares of the security and automation business’s stock worth $11,801,000 after purchasing an additional 602,704 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, March 22nd. The Goldman Sachs Group lifted their price target on shares of ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research note on Thursday, February 29th.

ADT Price Performance

Shares of ADT traded down $0.05 during mid-day trading on Tuesday, reaching $6.50. The company had a trading volume of 5,818,066 shares, compared to its average volume of 5,181,061. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.71 and a quick ratio of 0.56. The company has a market capitalization of $6.00 billion, a P/E ratio of 9.29 and a beta of 1.57. ADT Inc. has a twelve month low of $4.89 and a twelve month high of $7.60. The company’s 50-day moving average is $6.59 and its 200-day moving average is $6.44.

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

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Thursday, June 13th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, June 13th. ADT’s payout ratio is currently 31.43%.

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.