WINTON GROUP Ltd cut its holdings in shares of ADT Inc. (NYSE:ADT – Free Report) by 74.5% in the 2nd quarter, Holdings Channel reports. The fund owned 249,801 shares of the security and automation business’s stock after selling 728,980 shares during the period. WINTON GROUP Ltd’s holdings in ADT were worth $1,624,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new stake in ADT during the 4th quarter worth approximately $28,000. PNC Financial Services Group Inc. grew its holdings in ADT by 151.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business’s stock worth $33,000 after acquiring an additional 2,985 shares in the last quarter. IFP Advisors Inc raised its stake in shares of ADT by 1,759.1% in the 3rd quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business’s stock valued at $35,000 after purchasing an additional 3,782 shares in the last quarter. Osaic Holdings Inc. grew its stake in ADT by 39.9% in the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Fairscale Capital LLC acquired a new stake in ADT during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.
ADT Stock Up 0.5%
Shares of ADT stock opened at $7.04 on Friday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.52 and a current ratio of 0.69. The stock has a market cap of $5.15 billion, a PE ratio of 9.92 and a beta of 1.02. The business’s fifty day moving average is $7.26 and its 200-day moving average is $6.99. ADT Inc. has a 1 year low of $6.24 and a 1 year high of $8.94.
ADT Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, September 10th. ADT’s dividend payout ratio is 30.99%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. BTIG Research initiated coverage on ADT in a research note on Monday, August 17th. They set a “neutral” rating on the stock. Morgan Stanley boosted their price objective on ADT from $7.50 to $7.75 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ADT in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.23.
Check Out Our Latest Stock Analysis on ADT
ADT Profile
ADT Inc (NYSE: ADT) is a provider of security, automation and smart-home solutions for residential and commercial customers. The company offers professionally installed and monitored alarm systems, video surveillance, fire and life-safety products, access-control solutions, and home-automation services.
For residential customers, ADT provides security systems that can integrate alarms, cameras, locks, lighting, thermostats and other connected devices. Its services generally include 24-hour professional monitoring, mobile-app controls, video monitoring and related support.
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