Janney Montgomery Scott LLC Purchases 41,682 Shares of ADT Inc. (NYSE:ADT)

Janney Montgomery Scott LLC increased its position in shares of ADT Inc. (NYSE:ADT) by 46.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,838 shares of the security and automation business’s stock after purchasing an additional 41,682 shares during the period. Janney Montgomery Scott LLC’s holdings in ADT were worth $904,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new position in shares of ADT in the third quarter valued at about $70,000. KBC Group NV raised its stake in ADT by 46.9% during the 3rd quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock valued at $76,000 after purchasing an additional 3,375 shares during the period. Capstone Investment Advisors LLC bought a new stake in ADT during the 3rd quarter valued at approximately $76,000. Creative Planning purchased a new position in ADT in the 3rd quarter worth approximately $78,000. Finally, Claro Advisors LLC bought a new position in ADT in the 4th quarter worth approximately $88,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analyst Ratings Changes

ADT has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 price objective on shares of ADT in a research report on Wednesday, January 29th. Morgan Stanley lifted their price target 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. Finally, The Goldman Sachs Group increased their price objective on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th.

ADT Stock Up 0.6 %

Shares of ADT opened at $7.56 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 8.21 and a beta of 1.50. ADT Inc. has a 1 year low of $6.10 and a 1 year high of $8.25. The business’s 50 day simple moving average is $7.25 and its 200-day simple moving average is $7.29.

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.