Kingsview Wealth Management LLC bought a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 359,103 shares of the security and automation business's stock, valued at approximately $2,481,000.
Several other institutional investors and hedge funds have also bought and sold shares of ADT. Abich Financial Wealth Management LLC bought a new stake in ADT in the third quarter valued at approximately $70,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ADT in the fourth quarter valued at approximately $73,000. Chicago Partners Investment Group LLC bought a new stake in ADT in the fourth quarter valued at approximately $74,000. KBC Group NV raised its stake in ADT by 46.9% in the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business's stock valued at $76,000 after buying an additional 3,375 shares during the period. Finally, Capstone Investment Advisors LLC bought a new stake in ADT in the third quarter valued at approximately $76,000. Institutional investors own 87.22% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on ADT from $8.20 to $9.20 and gave the company a "buy" rating in a research note on Friday, October 25th. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 target price on shares of ADT in a research note on Wednesday, January 29th. Finally, Morgan Stanley increased their target price on ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th.
Check Out Our Latest Analysis on ADT
ADT Stock Performance
Shares of NYSE ADT traded up $0.20 during trading hours on Thursday, reaching $7.51. 8,831,120 shares of the stock were exchanged, compared to its average volume of 5,695,066. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 8.16 and a beta of 1.50. 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 52 week low of $6.10 and a 52 week high of $8.25. The stock's fifty day simple moving average is $7.23 and its 200 day simple moving average is $7.28.
About ADT
(
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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