HighTower Advisors LLC Has $199,000 Position in ADT Inc. (NYSE:ADT)

HighTower Advisors LLC trimmed its holdings in shares of ADT Inc. (NYSE:ADT) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,899 shares of the security and automation business’s stock after selling 4,774 shares during the quarter. HighTower Advisors LLC’s holdings in ADT were worth $199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. acquired a new position in shares of ADT during the 2nd quarter valued at $195,461,000. LSV Asset Management increased its position in ADT by 186.0% in the second quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock worth $73,310,000 after buying an additional 6,272,974 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ADT by 61.5% in the second quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock valued at $93,937,000 after buying an additional 4,705,544 shares during the period. AQR Capital Management LLC raised its stake in shares of ADT by 75.0% in the second quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business’s stock valued at $59,755,000 after buying an additional 3,370,550 shares during the period. Finally, Ariel Investments LLC lifted its position in shares of ADT by 2.6% during the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock valued at $230,740,000 after buying an additional 780,762 shares during the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Trading Up 1.0 %

ADT stock opened at $6.87 on Thursday. The firm has a market cap of $6.23 billion, a PE ratio of 7.47 and a beta of 1.49. The firm has a fifty day moving average price of $7.38 and a 200 day moving average price of $7.34. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. ADT Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $8.25.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. ADT’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. Sell-side analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, December 12th. ADT’s payout ratio is currently 23.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada lifted their target price on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday, October 25th.

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.