Equitable Trust Co. Takes Position in ADT Inc (ADT)

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Equitable Trust Co. acquired a new position in shares of ADT Inc (NYSE:ADT) in the 3rd quarter, HoldingsChannel reports. The fund acquired 72,600 shares of the security and automation business’s stock, valued at approximately $682,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Miller Value Partners LLC acquired a new position in ADT during the 2nd quarter valued at $55,009,000. BlackRock Inc. raised its stake in ADT by 4.0% during the 3rd quarter. BlackRock Inc. now owns 5,153,515 shares of the security and automation business’s stock valued at $48,392,000 after purchasing an additional 199,967 shares during the last quarter. Man Group plc raised its stake in ADT by 9.3% during the 3rd quarter. Man Group plc now owns 3,158,488 shares of the security and automation business’s stock valued at $29,659,000 after purchasing an additional 269,816 shares during the last quarter. Federated Investors Inc. PA raised its stake in ADT by 5,041.8% during the 2nd quarter. Federated Investors Inc. PA now owns 1,565,779 shares of the security and automation business’s stock valued at $13,544,000 after purchasing an additional 1,535,327 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in ADT by 211.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,547,986 shares of the security and automation business’s stock valued at $14,536,000 after purchasing an additional 1,051,065 shares during the last quarter. 98.21% of the stock is owned by institutional investors and hedge funds.

Several research firms recently commented on ADT. Zacks Investment Research upgraded shares of ADT from a “sell” rating to a “hold” rating in a research note on Monday, August 27th. ValuEngine upgraded shares of ADT from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Credit Suisse Group upped their target price on shares of ADT from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, September 21st. Deutsche Bank began coverage on shares of ADT in a research note on Monday, October 1st. They set a “hold” rating and a $11.00 target price for the company. Finally, Royal Bank of Canada began coverage on shares of ADT in a research note on Monday, November 19th. They set an “outperform” rating and a $12.00 target price for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $13.30.

Shares of ADT stock opened at $6.57 on Wednesday. ADT Inc has a 52-week low of $6.42 and a 52-week high of $13.02. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.62 and a quick ratio of 0.51.

ADT (NYSE:ADT) last announced its quarterly earnings data on Wednesday, November 7th. The security and automation business reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.28). ADT had a net margin of 3.95% and a negative return on equity of 3.76%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted ($0.09) EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that ADT Inc will post 0.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 14th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 13th. ADT’s dividend payout ratio is -40.00%.

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About ADT

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.

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Institutional Ownership by Quarter for ADT (NYSE:ADT)

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