ADT Inc. $ADT Shares Sold by Ariel Investments LLC

Ariel Investments LLC trimmed its holdings in ADT Inc. (NYSE:ADT) by 14.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,244,598 shares of the security and automation business’s stock after selling 3,812,697 shares during the quarter. ADT accounts for approximately 2.2% of Ariel Investments LLC’s investment portfolio, making the stock its 17th biggest holding. Ariel Investments LLC owned 2.80% of ADT worth $196,882,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ADT. GAMMA Investing LLC boosted its stake in shares of ADT by 69.5% in the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after buying an additional 1,329 shares during the last quarter. AlphaQuest LLC lifted its holdings in ADT by 80.9% in the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock valued at $43,000 after acquiring an additional 2,370 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in ADT in the 2nd quarter worth approximately $50,000. Nomura Asset Management Co. Ltd. boosted its position in ADT by 51.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,200 shares of the security and automation business’s stock worth $53,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in shares of ADT during the 1st quarter worth approximately $74,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADT. Citigroup boosted their target price 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. Zacks Research downgraded shares of ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Wall Street Zen lowered shares of ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings lowered ADT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.38.

ADT Stock Performance

Shares of NYSE:ADT opened at $8.00 on Wednesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.67 and a quick ratio of 0.54. ADT Inc. has a 1 year low of $6.71 and a 1 year high of $8.94. The firm has a market capitalization of $6.55 billion, a PE ratio of 11.59 and a beta of 0.94. The business’s 50 day moving average price is $8.37 and its 200-day moving average price is $8.46.

ADT (NYSE:ADT) last posted its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. The firm had revenue of $1.31 billion during the quarter. As a group, equities research analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm 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 $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 11th. ADT’s dividend payout ratio (DPR) is currently 31.88%.

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.