Pacer Advisors Inc. lowered its holdings in shares of ADT Inc. (NYSE:ADT – Free Report) by 2.8% during the first quarter, HoldingsChannel.com reports. The firm owned 6,653,260 shares of the security and automation business’s stock after selling 189,001 shares during the period. Pacer Advisors Inc.’s holdings in ADT were worth $43,712,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of ADT during the 4th quarter valued at approximately $1,238,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in ADT in the 4th quarter worth $2,870,000. Geode Capital Management LLC increased its holdings in ADT by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 10,906,341 shares of the security and automation business’s stock worth $88,030,000 after acquiring an additional 577,013 shares in the last quarter. Norges Bank acquired a new position in ADT during the fourth quarter worth $192,996,000. Finally, Louisiana State Employees Retirement System acquired a new position in ADT during the first quarter worth $1,480,000. 87.22% of the stock is owned by institutional investors and hedge funds.
ADT Stock Performance
Shares of NYSE:ADT opened at $7.89 on Tuesday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.69 and a quick ratio of 0.52. ADT Inc. has a 1 year low of $6.24 and a 1 year high of $8.94. The firm has a market capitalization of $5.79 billion, a PE ratio of 11.12 and a beta of 1.00. The business’s 50 day moving average price is $6.83 and its 200-day moving average price is $7.09.
ADT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.8%. ADT’s dividend payout ratio is presently 30.99%.
Insider Buying and Selling at ADT
In other ADT news, EVP Omar Khan bought 7,280 shares of ADT stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $6.88 per share, for a total transaction of $50,086.40. Following the completion of the transaction, the executive vice president directly owned 7,280 shares of the company’s stock, valued at approximately $50,086.40. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel Joseph Houston purchased 36,450 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $6.87 per share, for a total transaction of $250,411.50. Following the completion of the purchase, the director owned 74,812 shares of the company’s stock, valued at approximately $513,958.44. This represents a 95.02% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 54,855 shares of company stock valued at $376,172 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research firms have issued reports on ADT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ADT in a report on Wednesday, July 15th. Morgan Stanley boosted their target price on shares of ADT from $7.50 to $7.75 and gave the stock an “equal weight” rating in a research note on Friday. Finally, UBS Group set a $7.50 price target on shares of ADT in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ADT currently has an average rating of “Hold” and a consensus price target of $8.23.
Read Our Latest Stock Report on ADT
ADT 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.
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