ADT Inc. (NYSE:ADT) Position Reduced by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of ADT Inc. (NYSE:ADT) by 6.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,512,186 shares of the security and automation business’s stock after selling 102,092 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in ADT were worth $10,313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADT. CWM LLC raised its holdings in ADT by 824.5% during the third quarter. CWM LLC now owns 4,447 shares of the security and automation business’s stock worth $27,000 after purchasing an additional 3,966 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in ADT by 364.5% during the first quarter. Tower Research Capital LLC TRC now owns 4,060 shares of the security and automation business’s stock worth $30,000 after purchasing an additional 3,186 shares in the last quarter. National Bank of Canada FI raised its holdings in ADT by 33.3% during the third quarter. National Bank of Canada FI now owns 8,301 shares of the security and automation business’s stock worth $50,000 after purchasing an additional 2,075 shares in the last quarter. Forum Financial Management LP bought a new stake in ADT during the third quarter worth approximately $66,000. Finally, Seven Eight Capital LP acquired a new position in ADT in the first quarter worth approximately $81,000. Institutional investors own 87.22% of the company’s stock.

ADT Trading Down 1.5 %

NYSE ADT opened at $6.36 on Friday. ADT Inc. has a twelve month low of $4.89 and a twelve month high of $7.60. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.52 and a current ratio of 0.68. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 12.72 and a beta of 1.57. The firm’s 50 day moving average price is $6.69 and its two-hundred day moving average price is $6.43.

ADT (NYSE:ADT) last posted its quarterly earnings data on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. ADT had a net margin of 8.69% and a return on equity of 14.85%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company posted $0.08 EPS. The company’s quarterly revenue was down 27.1% compared to the same quarter last year. Equities analysts anticipate that ADT Inc. will post 0.67 EPS for the current year.

ADT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 14th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 3.46%. This is a boost from ADT’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 13th. ADT’s payout ratio is presently 44.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on ADT shares. The Goldman Sachs Group lifted their price target on shares of ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Barclays decreased their price target on shares of ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, March 22nd.

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.