ADT Inc. (NYSE:ADT) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in ADT Inc. (NYSE:ADT) by 794.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 168,971 shares of the security and automation business’s stock after purchasing an additional 150,087 shares during the period. Mackenzie Financial Corp’s holdings in ADT were worth $1,152,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in ADT by 824.5% in the 3rd quarter. CWM LLC now owns 4,447 shares of the security and automation business’s stock valued at $27,000 after purchasing an additional 3,966 shares during the last quarter. National Bank of Canada FI grew its stake in shares of ADT by 33.3% in 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 acquiring an additional 2,075 shares in the last quarter. Forum Financial Management LP acquired a new position in shares of ADT in the third quarter worth $66,000. Commonwealth Equity Services LLC grew its stake in shares of ADT by 11.2% in the third quarter. Commonwealth Equity Services LLC now owns 17,733 shares of the security and automation business’s stock worth $106,000 after acquiring an additional 1,784 shares in the last quarter. Finally, Hill Investment Group Partners LLC grew its stake in shares of ADT by 47.5% in the third quarter. Hill Investment Group Partners LLC now owns 20,965 shares of the security and automation business’s stock worth $126,000 after acquiring an additional 6,749 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Barclays dropped their price target on shares of ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, March 22nd.

ADT Price Performance

ADT stock opened at $6.38 on Thursday. The stock has a market cap of $5.88 billion, a P/E ratio of 12.76 and a beta of 1.57. The company has a fifty day simple moving average of $6.62 and a 200-day simple moving average of $6.44. ADT Inc. has a 12-month low of $4.89 and a 12-month high of $7.60. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 1.99.

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

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.