Boston Partners Has $2.97 Million Position in ADT Inc. $ADT

Boston Partners raised its holdings in ADT Inc. (NYSE:ADT) by 83.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,752 shares of the security and automation business’s stock after buying an additional 159,450 shares during the quarter. Boston Partners’ holdings in ADT were worth $2,971,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ADT. Vanguard Group Inc. boosted its position in shares of ADT by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock valued at $404,688,000 after acquiring an additional 5,160,835 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in ADT by 21.6% during the first quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business’s stock valued at $212,264,000 after purchasing an additional 4,624,120 shares in the last quarter. LSV Asset Management raised its holdings in shares of ADT by 97.1% in the 2nd quarter. LSV Asset Management now owns 24,727,193 shares of the security and automation business’s stock worth $209,439,000 after buying an additional 12,182,009 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of ADT by 2,089.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 14,638,575 shares of the security and automation business’s stock worth $123,989,000 after buying an additional 13,969,976 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of ADT by 86.6% during the 1st quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business’s stock worth $105,543,000 after buying an additional 6,089,671 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Price Performance

Shares of ADT stock opened at $8.26 on Friday. The stock’s fifty day moving average is $8.45 and its 200-day moving average is $8.47. 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 stock has a market capitalization of $6.77 billion, a PE ratio of 11.97 and a beta of 1.00. ADT Inc. has a 52 week low of $6.71 and a 52 week high of $8.94.

ADT (NYSE:ADT) last issued 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 return on equity of 18.96% and a net margin of 12.52%.The company had revenue of $1.31 billion for the quarter. Equities research analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 11th. ADT’s dividend payout ratio is 31.88%.

Analysts Set New Price Targets

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

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.