Renaissance Technologies LLC Has $9.22 Million Stock Position in ADT Inc. (NYSE:ADT)

Renaissance Technologies LLC lifted its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 553.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,334,506 shares of the security and automation business's stock after buying an additional 1,130,400 shares during the period. Renaissance Technologies LLC owned 0.15% of ADT worth $9,221,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of ADT by 7.5% in the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business's stock worth $48,060,000 after purchasing an additional 457,918 shares during the last quarter. Geode Capital Management LLC grew its position in shares of ADT by 35.6% during the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock worth $42,487,000 after acquiring an additional 1,543,677 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of ADT by 10.8% in 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 during the period. Tidal Investments LLC lifted its position in ADT by 21.9% in the 3rd quarter. Tidal Investments LLC now owns 111,052 shares of the security and automation business's stock valued at $803,000 after purchasing an additional 19,920 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in ADT in the 3rd quarter worth about $339,000. Institutional investors own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ADT shares. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $7.00 to $9.00 in a report on Friday, April 4th. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research note on Monday.

ADT Stock Up 1.4 %

NYSE ADT traded up $0.11 during trading on Tuesday, reaching $7.79. The company's stock had a trading volume of 5,496,929 shares, compared to its average volume of 7,718,664. The stock has a market capitalization of $6.82 billion, a PE ratio of 8.47 and a beta of 1.42. The business has a 50-day moving average price of $7.78 and a 200-day moving average price of $7.47. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 1-year low of $6.16 and a 1-year high of $8.39.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were paid a dividend of $0.055 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.83%. ADT's dividend payout ratio (DPR) is presently 41.51%.

About ADT

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.