Zurcher Kantonalbank Zurich Cantonalbank Has $701,000 Position in ADT Inc. (NYSE:ADT)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in ADT Inc. (NYSE:ADT) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,061 shares of the security and automation business’s stock after selling 2,075 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ADT were worth $701,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in ADT by 31.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business’s stock worth $148,246,000 after purchasing an additional 5,089,056 shares during the period. LSV Asset Management raised its holdings in ADT by 5.1% in the fourth quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business’s stock worth $74,927,000 after purchasing an additional 523,333 shares during the period. Zimmer Partners LP acquired a new stake in ADT in the fourth quarter worth $48,687,000. AQR Capital Management LLC raised its holdings in ADT by 26.0% in the fourth quarter. AQR Capital Management LLC now owns 7,029,427 shares of the security and automation business’s stock worth $48,573,000 after purchasing an additional 1,451,154 shares during the period. Finally, Geode Capital Management LLC raised its holdings in ADT by 17.0% in the fourth quarter. Geode Capital Management LLC now owns 6,876,443 shares of the security and automation business’s stock worth $47,529,000 after purchasing an additional 1,001,303 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on ADT. Wall Street Zen lowered shares of ADT from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $9.00 price objective on shares of ADT in a report on Monday, April 21st. Finally, Morgan Stanley raised their price objective on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.18.

Insiders Place Their Bets

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the transaction, the insider owned 112,650,366 shares of the company’s stock, valued at approximately $936,124,541.46. This trade represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 166,000,000 shares of company stock valued at $1,363,160,000 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

ADT Trading Up 2.1%

Shares of NYSE:ADT opened at $8.58 on Thursday. ADT Inc. has a 12 month low of $6.68 and a 12 month high of $8.80. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The company’s fifty day simple moving average is $8.39 and its 200 day simple moving average is $8.04. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 12.99 and a beta of 1.20.

ADT (NYSE:ADT) last released its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. As a group, research analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a yield of 2.6%. ADT’s dividend payout ratio (DPR) is 33.33%.

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.