ADT Inc. $ADT Holdings Trimmed by Alexander Labrunerie & CO. Inc.

Alexander Labrunerie & CO. Inc. trimmed its position in shares of ADT Inc. (NYSE:ADT) by 49.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,239 shares of the security and automation business’s stock after selling 17,002 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in ADT were worth $146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in ADT by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after purchasing an additional 1,329 shares in the last quarter. Forum Financial Management LP grew its position in ADT by 5.2% during the 1st quarter. Forum Financial Management LP now owns 29,446 shares of the security and automation business’s stock worth $240,000 after purchasing an additional 1,445 shares in the last quarter. Poinciana Advisors Group LLC grew its position in ADT by 9.1% during the 2nd quarter. Poinciana Advisors Group LLC now owns 17,544 shares of the security and automation business’s stock worth $149,000 after purchasing an additional 1,470 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in ADT by 4.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business’s stock worth $356,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Northwest Wealth Management LLC grew its position in ADT by 16.5% during the 2nd quarter. Northwest Wealth Management LLC now owns 12,495 shares of the security and automation business’s stock worth $106,000 after purchasing an additional 1,769 shares in the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ADT. Zacks Research cut shares of ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Wall Street Zen cut shares of ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Citigroup boosted their price target on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings restated a “buy (b)” rating on shares of ADT in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on shares of ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.38.

ADT Stock Down 0.1%

ADT stock opened at $8.76 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. ADT Inc. has a 1 year low of $6.71 and a 1 year high of $8.94. The company has a fifty day simple moving average of $8.68 and a 200 day simple moving average of $8.44. The firm has a market cap of $7.28 billion, a PE ratio of 13.27 and a beta of 1.05.

ADT (NYSE:ADT) last released its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. ADT had a net margin of 12.30% and a return on equity of 18.58%. The business had revenue of $1.31 billion during the quarter. Sell-side analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal 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.