Sequoia Financial Advisors LLC Makes New Investment in ADT Inc. $ADT

Sequoia Financial Advisors LLC acquired a new position in shares of ADT Inc. (NYSE:ADT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 24,563 shares of the security and automation business’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in ADT by 11.6% during the first quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock worth $404,688,000 after purchasing an additional 5,160,835 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in ADT by 21.6% during the first quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business’s stock worth $212,264,000 after purchasing an additional 4,624,120 shares in the last quarter. AQR Capital Management LLC raised its holdings in ADT by 86.6% during the first quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business’s stock worth $105,543,000 after purchasing an additional 6,089,671 shares in the last quarter. LSV Asset Management raised its holdings in ADT by 15.7% during the first quarter. LSV Asset Management now owns 12,545,184 shares of the security and automation business’s stock worth $102,118,000 after purchasing an additional 1,701,861 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in ADT by 668.5% during the first quarter. Millennium Management LLC now owns 7,504,051 shares of the security and automation business’s stock worth $61,083,000 after purchasing an additional 6,527,539 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction on Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the transaction, the insider directly owned 112,650,366 shares in the company, valued at $936,124,541.46. This trade represents a 38.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.

ADT Stock Performance

NYSE:ADT opened at $8.71 on Friday. The firm’s fifty day moving average price is $8.67 and its 200 day moving average price is $8.41. ADT Inc. has a 1-year low of $6.71 and a 1-year high of $8.94. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 13.19 and a beta of 1.05.

ADT (NYSE:ADT) last posted its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share for the quarter. ADT had a net margin of 12.30% and a return on equity of 18.58%. The firm had revenue of $1.31 billion during the quarter. On average, sell-side analysts expect that ADT Inc. will post 0.7 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on ADT. Weiss Ratings reissued a “buy (b)” rating on shares of ADT in a report on Wednesday, October 8th. Citigroup raised their target price on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Zacks Research lowered shares of ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Morgan Stanley raised their target price on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Wall Street Zen lowered shares of ADT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.34.

ADT Company 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.