Parcion Private Wealth LLC Purchases 2,477 Shares of ADT Inc. $ADT

Parcion Private Wealth LLC lifted its holdings in shares of ADT Inc. (NYSE:ADT) by 18.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,586 shares of the security and automation business’s stock after buying an additional 2,477 shares during the period. Parcion Private Wealth LLC’s holdings in ADT were worth $132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADT. Allianz Asset Management GmbH raised its position in ADT by 2,089.4% in the second quarter. Allianz Asset Management GmbH now owns 14,638,575 shares of the security and automation business’s stock worth $123,989,000 after acquiring an additional 13,969,976 shares during the period. Millennium Management LLC grew its holdings in ADT by 668.5% during the 1st quarter. Millennium Management LLC now owns 7,504,051 shares of the security and automation business’s stock valued at $61,083,000 after buying an additional 6,527,539 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of ADT by 86.6% during the 1st quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business’s stock valued at $105,543,000 after purchasing an additional 6,089,671 shares during the last quarter. Vanguard Group Inc. lifted its position in ADT by 11.6% during the first quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock valued at $404,688,000 after purchasing an additional 5,160,835 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in ADT by 21.6% in the first quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business’s stock worth $212,264,000 after acquiring an additional 4,624,120 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the transaction, the insider owned 112,650,366 shares of the company’s stock, valued at $936,124,541.46. This trade represents a 38.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ADT. Weiss Ratings reissued a “buy (b)” rating on shares of ADT in a research note on Wednesday, October 8th. Morgan Stanley increased their price target on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Wall Street Zen downgraded shares of ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Citigroup lifted their price objective on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Finally, Zacks Research downgraded ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.34.

ADT Trading Down 0.5%

Shares of ADT stock opened at $8.71 on Friday. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 13.19 and a beta of 1.05. ADT Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $8.94. The stock has a 50 day moving average of $8.67 and a 200 day moving average of $8.41. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46.

ADT (NYSE:ADT) last announced its earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share for the quarter. The company had revenue of $1.31 billion for the quarter. ADT had a return on equity of 18.58% and a net margin of 12.30%. As a group, research analysts predict that ADT Inc. will post 0.7 earnings per share for the current 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.