LSV Asset Management raised its position in ADT Inc. (NYSE:ADT - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,843,323 shares of the security and automation business's stock after acquiring an additional 523,333 shares during the quarter. LSV Asset Management owned approximately 1.20% of ADT worth $74,927,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of ADT in the 4th quarter worth $62,000. Chicago Partners Investment Group LLC purchased a new position in shares of ADT in the fourth quarter valued at about $74,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ADT during the 4th quarter valued at approximately $73,000. Magnetar Financial LLC purchased a new stake in ADT in the 4th quarter worth $73,000. Finally, Federated Hermes Inc. boosted its stake in ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after buying an additional 1,449 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company's stock.
ADT Trading Down 1.4 %
Shares of ADT stock traded down $0.11 on Wednesday, reaching $7.91. The company had a trading volume of 6,522,698 shares, compared to its average volume of 7,548,706. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The firm has a market cap of $6.93 billion, a PE ratio of 8.60 and a beta of 1.42. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.39. The firm's 50 day moving average price is $7.75 and its two-hundred day moving average price is $7.45.
ADT Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Thursday, March 13th. ADT's payout ratio is currently 41.51%.
Analyst Ratings Changes
A number of research firms have weighed in on ADT. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research report on Wednesday, January 29th.
View Our Latest Report on ADT
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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