ADT Inc. $ADT Holdings Raised by State of Wyoming

State of Wyoming boosted its stake in ADT Inc. (NYSE:ADT) by 428.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,283 shares of the security and automation business’s stock after buying an additional 62,658 shares during the period. State of Wyoming’s holdings in ADT were worth $673,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in ADT by 2,089.4% during the second quarter. Allianz Asset Management GmbH now owns 14,638,575 shares of the security and automation business’s stock valued at $123,989,000 after buying an additional 13,969,976 shares in the last quarter. Brighton Jones LLC lifted its holdings in ADT by 259.0% in the 3rd quarter. Brighton Jones LLC now owns 202,940 shares of the security and automation business’s stock valued at $1,768,000 after acquiring an additional 146,408 shares during the last quarter. Lingohr Asset Management GmbH bought a new position in shares of ADT during the 3rd quarter valued at about $4,564,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of ADT by 6,218.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 161,194 shares of the security and automation business’s stock valued at $1,404,000 after purchasing an additional 158,643 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of ADT by 27.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 879,338 shares of the security and automation business’s stock worth $7,659,000 after purchasing an additional 191,139 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADT. Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research lowered ADT from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. Finally, Morgan Stanley reduced their price objective on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.25.

ADT Price Performance

NYSE ADT opened at $8.00 on Tuesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.67 and a quick ratio of 0.54. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 11.59 and a beta of 0.98. The company has a 50 day simple moving average of $8.12 and a 200-day simple moving average of $8.39. ADT Inc. has a 52-week low of $7.28 and a 52-week high of $8.94.

ADT (NYSE:ADT) last released its earnings results on Tuesday, November 4th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. ADT had a net margin of 12.52% and a return on equity of 18.96%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. Equities research analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Company Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.