Claro Advisors LLC Takes $88,000 Position in ADT Inc. (NYSE:ADT)

Claro Advisors LLC bought a new position in ADT Inc. (NYSE:ADT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,778 shares of the security and automation business’s stock, valued at approximately $88,000.

A number of other large investors have also recently added to or reduced their stakes in ADT. Pacer Advisors Inc. raised its position in shares of ADT by 20.3% in the third quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after purchasing an additional 5,222,972 shares during the period. Ariel Investments LLC grew its stake in ADT by 2.6% in the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock valued at $230,740,000 after buying an additional 780,762 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in ADT by 61.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock worth $93,937,000 after acquiring an additional 4,705,544 shares during the period. AQR Capital Management LLC lifted its position in ADT by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business’s stock worth $59,755,000 after acquiring an additional 3,370,550 shares during the last quarter. Finally, State Street Corp boosted its holdings in ADT by 7.5% during the third 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 during the period. Institutional investors own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. The Goldman Sachs Group lifted their price objective on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their price target on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Finally, Morgan Stanley raised their price objective on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th.

ADT Trading Up 2.0 %

Shares of ADT opened at $7.22 on Thursday. The stock’s 50-day moving average price is $7.28 and its 200 day moving average price is $7.29. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 7.85 and a beta of 1.51. ADT Inc. has a 12-month low of $6.02 and a 12-month high of $8.25.

ADT (NYSE:ADT) last issued its earnings results on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ADT had a return on equity of 17.77% and a net margin of 18.18%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $0.07 earnings per share. ADT’s revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 12th were paid a $0.055 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 3.05%. ADT’s payout ratio is currently 23.91%.

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.