Merit Financial Group LLC Purchases New Position in ADT Inc. (NYSE:ADT)

Merit Financial Group LLC purchased a new position in ADT Inc. (NYSE:ADTFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,232 shares of the security and automation business’s stock, valued at approximately $181,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in shares of ADT by 20.3% during 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 acquiring an additional 5,222,972 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of ADT by 12.6% during the third 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. State Street Corp raised its position in shares of ADT by 7.5% in 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 buying an additional 457,918 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of ADT during the 2nd quarter worth approximately $3,226,000. Institutional investors own 87.22% of the company’s stock.

ADT Trading Up 1.0 %

Shares of ADT opened at $7.47 on Monday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT Inc. has a 1-year low of $6.10 and a 1-year high of $8.25. The firm has a 50 day simple moving average of $7.24 and a 200-day simple moving average of $7.29. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 8.12 and a beta of 1.51.

ADT (NYSE:ADTGet Free Report) last announced its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $0.07 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on ADT

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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