SG Americas Securities LLC Buys Shares of 43,751 ADT Inc. (NYSE:ADT)

SG Americas Securities LLC purchased a new stake in ADT Inc. (NYSE:ADT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 43,751 shares of the security and automation business’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new position in ADT in the fourth quarter worth approximately $1,087,000. Merit Financial Group LLC acquired a new position in shares of ADT in the 4th quarter valued at $181,000. Wright Investors Service Inc. acquired a new position in shares of ADT in the 4th quarter valued at $494,000. Pallas Capital Advisors LLC grew its holdings in shares of ADT by 47.6% during the 4th quarter. Pallas Capital Advisors LLC now owns 61,319 shares of the security and automation business’s stock worth $424,000 after purchasing an additional 19,761 shares during the period. Finally, Claro Advisors LLC acquired a new stake in shares of ADT during the 4th quarter worth about $88,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Stock Up 1.4 %

Shares of ADT opened at $7.78 on Wednesday. The company’s 50-day simple moving average is $7.25 and its 200-day simple moving average is $7.29. 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 1 year low of $6.10 and a 1 year high of $8.25. The stock has a market capitalization of $7.05 billion, a PE ratio of 8.45 and a beta of 1.50.

Analyst Upgrades and Downgrades

ADT has been the subject of several research analyst reports. Morgan Stanley increased their target price on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 price objective on shares of ADT in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their target price on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday, October 25th.

About ADT

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.