Charles Schwab Investment Management Inc. increased its position in ADT Inc. (NYSE:ADT) by 10.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,024,899 shares of the security and automation business’s stock after purchasing an additional 98,587 shares during the period. Charles Schwab Investment Management Inc. owned 0.13% of ADT worth $8,046,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cubist Systematic Strategies LLC grew its holdings in shares of ADT by 66.9% during the third quarter. Cubist Systematic Strategies LLC now owns 229,280 shares of the security and automation business’s stock worth $1,873,000 after buying an additional 91,895 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of ADT during the 4th quarter worth approximately $548,000. Alliancebernstein L.P. raised its stake in shares of ADT by 164.4% during the 4th quarter. Alliancebernstein L.P. now owns 194,667 shares of the security and automation business’s stock worth $1,528,000 after buying an additional 121,034 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of ADT by 8.3% in the 4th quarter. First Trust Advisors LP now owns 733,208 shares of the security and automation business’s stock valued at $5,756,000 after buying an additional 56,388 shares during the period. Finally, Hodges Capital Management Inc. boosted its stake in shares of ADT by 193.4% in the fourth quarter. Hodges Capital Management Inc. now owns 623,100 shares of the security and automation business’s stock valued at $4,891,000 after buying an additional 410,750 shares in the last quarter. Institutional investors own 95.02% of the company’s stock.
In other news, CEO James David Devries acquired 143,000 shares of the business’s stock in a transaction dated Friday, March 5th. The stock was acquired at an average price of $7.13 per share, with a total value of $1,019,590.00. Following the completion of the transaction, the chief executive officer now directly owns 3,918,280 shares in the company, valued at approximately $27,937,336.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David W. Smail acquired 7,000 shares of ADT stock in a transaction that occurred on Friday, March 5th. The shares were purchased at an average cost of $6.99 per share, for a total transaction of $48,930.00. Following the purchase, the executive vice president now directly owns 407,065 shares of the company’s stock, valued at approximately $2,845,384.35. The disclosure for this purchase can be found here. 1.40% of the stock is owned by company insiders.
ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, February 25th. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.44). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. ADT had a negative return on equity of 6.79% and a negative net margin of 11.17%. On average, analysts forecast that ADT Inc. will post 0.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Thursday, March 18th were given a $0.035 dividend. The ex-dividend date was Wednesday, March 17th. This represents a $0.14 annualized dividend and a dividend yield of 1.50%. ADT’s dividend payout ratio is currently -155.56%.
A number of equities research analysts have commented on the company. Citigroup downgraded ADT from a “buy” rating to a “neutral” rating and raised their target price for the company from $10.00 to $10.75 in a report on Friday, January 29th. Barclays reissued an “underweight” rating and set a $8.00 price objective (down previously from $13.00) on shares of ADT in a report on Monday, March 8th. Zacks Investment Research cut shares of ADT from a “hold” rating to a “sell” rating in a report on Tuesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of ADT from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, March 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.65.
ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies, such as injuries, medical emergencies, or incapacitation.
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