Bailard Inc. Increases Stock Position in ADT Inc. $ADT

Bailard Inc. grew its holdings in shares of ADT Inc. (NYSE:ADT) by 55.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,400 shares of the security and automation business’s stock after buying an additional 20,400 shares during the period. Bailard Inc.’s holdings in ADT were worth $486,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ADT. GAMMA Investing LLC boosted its stake in ADT by 69.5% during the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after acquiring an additional 1,329 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of ADT by 80.9% during the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock valued at $43,000 after purchasing an additional 2,370 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of ADT in the 2nd quarter worth approximately $50,000. Bayforest Capital Ltd bought a new stake in shares of ADT in the 1st quarter worth approximately $74,000. Finally, NorthRock Partners LLC purchased a new stake in shares of ADT in the 2nd quarter worth approximately $85,000. 87.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ADT. Morgan Stanley lifted their price objective on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ADT in a research report on Thursday. Wall Street Zen downgraded shares of ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup raised their price objective on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, Zacks Research downgraded shares of ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.38.

ADT Price Performance

Shares of NYSE:ADT opened at $8.27 on Friday. ADT Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $8.94. The business has a 50-day simple moving average of $8.59 and a two-hundred day simple moving average of $8.48. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.54 and a current ratio of 0.67. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 11.98 and a beta of 1.00.

ADT (NYSE:ADT) last announced its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. The company had revenue of $1.31 billion for the quarter. On average, analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a $0.055 dividend. The ex-dividend date is Thursday, December 11th. This represents a $0.22 annualized dividend and a yield of 2.7%. ADT’s dividend payout ratio (DPR) is currently 31.88%.

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.