ADT Inc. (NYSE:ADT) Position Boosted by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 96.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,768 shares of the security and automation business's stock after purchasing an additional 83,689 shares during the quarter. American Century Companies Inc.'s holdings in ADT were worth $1,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ADT. The Manufacturers Life Insurance Company grew its stake in shares of ADT by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business's stock valued at $1,245,000 after buying an additional 1,343 shares during the period. Atria Investments Inc lifted its holdings in shares of ADT by 9.9% during the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business's stock valued at $104,000 after acquiring an additional 1,358 shares in the last quarter. Highland Capital Management LLC increased its holdings in ADT by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business's stock valued at $204,000 after purchasing an additional 1,810 shares in the last quarter. Sanctuary Advisors LLC lifted its position in ADT by 10.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business's stock worth $164,000 after acquiring an additional 2,112 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in ADT by 17.4% during the 4th quarter. Private Advisor Group LLC now owns 25,802 shares of the security and automation business's stock worth $178,000 after buying an additional 3,831 shares during the period. Institutional investors and hedge funds own 87.22% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

ADT has been the topic of several recent analyst reports. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th.

ADT Stock Performance

ADT traded down $0.04 during trading hours on Tuesday, hitting $8.02. 8,955,984 shares of the stock were exchanged, compared to its average volume of 7,514,291. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 8.72 and a beta of 1.42. ADT Inc. has a 12 month low of $6.10 and a 12 month high of $8.39. The stock has a 50-day simple moving average of $7.74 and a 200-day simple moving average of $7.44. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were given a dividend of $0.055 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 2.74%. ADT's dividend payout ratio is currently 41.51%.

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.