Arnhold LLC Purchases 192,768 Shares of ADT Inc. $ADT

Arnhold LLC grew its position in shares of ADT Inc. (NYSE:ADT) by 14.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,571,521 shares of the security and automation business’s stock after acquiring an additional 192,768 shares during the quarter. Arnhold LLC owned 0.19% of ADT worth $13,688,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of ADT during the 2nd quarter worth approximately $219,825,000. LSV Asset Management raised its holdings in ADT by 3.7% in the 3rd quarter. LSV Asset Management now owns 25,646,206 shares of the security and automation business’s stock valued at $223,378,000 after acquiring an additional 919,013 shares in the last quarter. Alliancebernstein L.P. lifted its position in ADT by 5.5% during the second quarter. Alliancebernstein L.P. now owns 16,346,077 shares of the security and automation business’s stock worth $138,451,000 after purchasing an additional 853,767 shares during the period. AQR Capital Management LLC boosted its position in shares of ADT by 22.7% during the 2nd quarter. AQR Capital Management LLC now owns 16,097,474 shares of the security and automation business’s stock worth $135,702,000 after acquiring an additional 2,978,376 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of ADT by 179.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 13,693,517 shares of the security and automation business’s stock valued at $115,984,000 after purchasing an additional 8,796,249 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

NYSE:ADT opened at $7.74 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99. ADT Inc. has a twelve month low of $7.28 and a twelve month high of $8.94. The company has a fifty day moving average of $8.07 and a 200-day moving average of $8.35. The firm has a market capitalization of $6.34 billion, a P/E ratio of 11.21 and a beta of 0.98.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ADT. Morgan Stanley lowered their price target on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Wall Street Zen downgraded ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research lowered ADT from a “hold” rating to a “strong sell” rating in a research note on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ADT currently has a consensus rating of “Hold” and an average target price of $9.25.

ADT Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.