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TFB Advisors LLC Makes New Investment in ADT Inc. (NYSE:ADT)

ADT logo with Industrial Products background

TFB Advisors LLC bought a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 54,346 shares of the security and automation business's stock, valued at approximately $376,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its holdings in shares of ADT by 11.7% in the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business's stock valued at $238,906,000 after buying an additional 3,632,502 shares during the period. State Street Corp lifted its position in 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 valued at $48,060,000 after acquiring an additional 457,918 shares in the last quarter. Geode Capital Management LLC increased its holdings in ADT by 35.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock worth $42,487,000 after purchasing an additional 1,543,677 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in ADT by 12.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business's stock worth $33,615,000 after purchasing an additional 518,515 shares in the last quarter. Finally, FMR LLC raised its stake in shares of ADT by 1.4% in the 3rd quarter. FMR LLC now owns 2,003,325 shares of the security and automation business's stock valued at $14,484,000 after purchasing an additional 27,711 shares during the period. 87.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADT has been the subject of several recent research reports. Morgan Stanley upped their price objective on ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. The Goldman Sachs Group raised their price target on shares of ADT from $8.20 to $9.20 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a report on Wednesday, January 29th.

Read Our Latest Report on ADT

ADT Stock Up 0.9 %

ADT traded up $0.07 on Friday, hitting $7.57. 6,332,945 shares of the company were exchanged, compared to its average volume of 5,422,429. The stock's fifty day moving average is $7.23 and its 200-day moving average is $7.28. ADT Inc. has a 12 month low of $6.10 and a 12 month high of $8.25. 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 company has a market cap of $6.86 billion, a PE ratio of 8.22 and a beta of 1.50.

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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Institutional Ownership by Quarter for ADT (NYSE:ADT)

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