Partners Group Holding AG Has $27.75 Million Stock Position in ADT Inc. (NYSE:ADT)

Partners Group Holding AG cut its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,015,484 shares of the security and automation business's stock after selling 611,799 shares during the quarter. ADT makes up 1.0% of Partners Group Holding AG's portfolio, making the stock its 24th largest position. Partners Group Holding AG owned about 0.44% of ADT worth $27,747,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Atria Investments Inc bought a new stake in ADT during the third quarter worth about $99,000. Victory Capital Management Inc. boosted its holdings in shares of ADT by 218.7% in the 3rd quarter. Victory Capital Management Inc. now owns 169,615 shares of the security and automation business's stock valued at $1,226,000 after buying an additional 116,393 shares during the last quarter. KBC Group NV boosted its holdings in shares of ADT by 46.9% in the 3rd 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 last quarter. Pathstone Holdings LLC grew its stake in shares of ADT by 3.6% in the third quarter. Pathstone Holdings LLC now owns 299,431 shares of the security and automation business's stock valued at $2,166,000 after buying an additional 10,447 shares in the last quarter. Finally, Commerce Bank increased its holdings in ADT by 100.6% during the third quarter. Commerce Bank now owns 21,939 shares of the security and automation business's stock worth $159,000 after buying an additional 11,000 shares during the last quarter. Institutional investors own 87.22% of the company's stock.

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ADT Stock Performance

ADT stock traded up $0.11 during midday trading on Tuesday, reaching $8.19. 21,339,986 shares of the company were exchanged, compared to its average volume of 6,588,810. ADT Inc. has a one year low of $6.10 and a one year high of $8.39. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 8.90 and a beta of 1.58. The business has a 50-day moving average price of $7.56 and a two-hundred day moving average price of $7.35. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.69%. ADT's dividend payout ratio (DPR) is presently 41.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ADT. Royal Bank of Canada reissued a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a research report on Wednesday, January 29th. Morgan Stanley raised their target price on shares of ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th.

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.