Arrowstreet Capital Limited Partnership lifted its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 37.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,003,630 shares of the security and automation business's stock after acquiring an additional 1,356,528 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.55% of ADT worth $34,575,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Chicago Partners Investment Group LLC bought a new stake in ADT in the 4th quarter valued at approximately $74,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ADT in the fourth quarter valued at approximately $73,000. Magnetar Financial LLC bought a new stake in shares of ADT in the fourth quarter worth $73,000. Claro Advisors LLC acquired a new position in ADT during the fourth quarter worth $88,000. Finally, Parametrica Management Ltd bought a new position in ADT in the fourth quarter valued at $89,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.
ADT Stock Performance
Shares of ADT stock traded down $0.21 on Monday, reaching $7.78. The stock had a trading volume of 20,146,891 shares, compared to its average volume of 7,266,358. ADT Inc. has a 12 month low of $6.10 and a 12 month high of $8.39. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 8.45 and a beta of 1.42. The firm's 50-day moving average is $7.72 and its two-hundred day moving average is $7.42. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.
ADT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were paid a $0.055 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.83%. ADT's dividend payout ratio is 41.51%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on ADT shares. Morgan Stanley increased their price objective 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 reissued a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th. Finally, Barclays raised 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 report on Friday.
View Our Latest Report on ADT
ADT Profile
(
Free Report)
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.
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