Zurcher Kantonalbank Zurich Cantonalbank Has $378,000 Stock Holdings in ADT Inc. (NYSE:ADT)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ADT Inc. (NYSE:ADT) by 48.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 55,362 shares of the security and automation business’s stock after purchasing an additional 18,053 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ADT were worth $378,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADT. Nordea Investment Management AB acquired a new stake in shares of ADT in the fourth quarter worth about $6,696,000. Deutsche Bank AG lifted its position in shares of ADT by 44.2% in the third quarter. Deutsche Bank AG now owns 1,966,871 shares of the security and automation business’s stock worth $11,801,000 after buying an additional 602,704 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of ADT by 21.3% in the fourth quarter. Pacer Advisors Inc. now owns 15,627,166 shares of the security and automation business’s stock worth $106,577,000 after buying an additional 2,740,447 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of ADT by 11.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,972,786 shares of the security and automation business’s stock worth $17,837,000 after buying an additional 304,754 shares during the last quarter. Finally, Gotham Asset Management LLC lifted its position in shares of ADT by 69.6% in the third quarter. Gotham Asset Management LLC now owns 516,156 shares of the security and automation business’s stock worth $3,097,000 after buying an additional 211,807 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Trading Up 0.5 %

ADT stock opened at $6.68 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.56 and a current ratio of 0.71. The business’s 50-day simple moving average is $6.58 and its 200-day simple moving average is $6.44. The firm has a market capitalization of $6.16 billion, a PE ratio of 9.54 and a beta of 1.56. ADT Inc. has a 52 week low of $4.89 and a 52 week high of $7.60.

ADT (NYSE:ADT) last issued its quarterly earnings results on Thursday, April 25th. The security and automation business reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. ADT had a return on equity of 15.98% and a net margin of 12.81%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. Equities research analysts forecast that ADT Inc. will post 0.67 earnings per share for the current year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 13th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.22 annualized dividend and a yield of 3.29%. ADT’s dividend payout ratio is 31.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ADT. Barclays reduced their price target on ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, March 22nd. The Goldman Sachs Group lifted their price objective on ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research note on Thursday, February 29th.

About ADT

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.