First Trust Advisors LP Trims Stock Position in ADT Inc. $ADT

First Trust Advisors LP cut its position in ADT Inc. (NYSE:ADT) by 26.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,186,811 shares of the security and automation business’s stock after selling 1,157,949 shares during the quarter. First Trust Advisors LP owned about 0.38% of ADT worth $26,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings 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 purchasing an additional 1,329 shares during the period. AlphaQuest LLC increased its stake in ADT by 80.9% in the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock worth $43,000 after acquiring an additional 2,370 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in ADT in the 2nd quarter worth about $50,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of 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 valued at $53,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of ADT during the 1st quarter valued at about $74,000. 87.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADT has been the topic of several research analyst reports. Zacks Research cut shares of ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Citigroup increased their price target on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings cut shares of ADT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Wall Street Zen downgraded shares of ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, ADT presently has a consensus rating of “Hold” and a consensus target price of $9.38.

ADT Price Performance

ADT stock opened at $8.11 on Thursday. The firm has a market cap of $6.64 billion, a P/E ratio of 11.75 and a beta of 0.94. The firm’s fifty day moving average is $8.36 and its 200 day moving average is $8.45. ADT Inc. has a 52 week low of $6.71 and a 52 week high of $8.94. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.54 and a current ratio of 0.67.

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

ADT Dividend Announcement

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