ADT (NYSE:ADT) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of ADT (NYSE:ADT) from a buy rating to a hold rating in a research report released on Saturday.

ADT has been the subject of several other reports. Citigroup lifted their price target on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Weiss Ratings restated a “buy (b)” rating on shares of ADT in a research note on Wednesday, October 8th. Morgan Stanley lifted their target price on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Zacks Research downgraded shares of ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, ADT has an average rating of “Hold” and an average target price of $9.38.

ADT Price Performance

Shares of NYSE:ADT opened at $8.26 on Friday. The firm has a market capitalization of $6.86 billion, a PE ratio of 11.96 and a beta of 1.00. The company has a quick ratio of 0.37, a current ratio of 0.67 and a debt-to-equity ratio of 1.99. The company has a 50-day moving average price of $8.63 and a two-hundred day moving average price of $8.48. ADT has a twelve month low of $6.71 and a twelve month high of $8.94.

ADT (NYSE:ADT) last announced its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. The business had revenue of $1.31 billion for the quarter. Equities analysts forecast that ADT will post 0.7 EPS for the current year.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.7%. ADT’s dividend payout ratio (DPR) is presently 31.88%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in ADT during the second quarter valued at approximately $219,825,000. Vanguard Group Inc. raised its position in shares of ADT by 42.7% during the 3rd quarter. Vanguard Group Inc. now owns 64,858,510 shares of the security and automation business’s stock valued at $564,918,000 after buying an additional 19,413,112 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of ADT by 2,089.4% during the 2nd 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 last quarter. LSV Asset Management lifted its holdings in shares of ADT by 97.1% during the 2nd quarter. LSV Asset Management now owns 24,727,193 shares of the security and automation business’s stock worth $209,439,000 after acquiring an additional 12,182,009 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in ADT by 179.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 13,693,517 shares of the security and automation business’s stock worth $115,984,000 after acquiring an additional 8,796,249 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors.

ADT Company 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.