Private Advisor Group LLC Increases Stock Position in ADT Inc. (NYSE:ADT)

Private Advisor Group LLC grew its stake in shares of ADT Inc. (NYSE:ADT) by 17.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,802 shares of the security and automation business’s stock after acquiring an additional 3,831 shares during the quarter. Private Advisor Group LLC’s holdings in ADT were worth $178,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of ADT by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock worth $1,245,000 after buying an additional 1,343 shares during the last quarter. Highland Capital Management LLC boosted its holdings in shares of ADT by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business’s stock worth $204,000 after buying an additional 1,810 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of ADT by 10.8% in the third quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock worth $164,000 after buying an additional 2,112 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of ADT by 12.9% in the third quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock worth $193,000 after buying an additional 3,054 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of ADT by 46.9% in the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after buying an additional 3,375 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

ADT has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a report on Wednesday, January 29th. Morgan Stanley raised 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.

ADT Price Performance

NYSE ADT opened at $7.69 on Friday. ADT Inc. has a 12 month low of $6.10 and a 12 month high of $8.39. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 8.35 and a beta of 1.50. The company’s 50 day moving average is $7.39 and its two-hundred day moving average is $7.32. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, March 13th. ADT’s payout ratio is 41.51%.

ADT 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.