ADT Inc. (NYSE:ADT) Stock Holdings Increased by Pinebridge Investments L.P.

Pinebridge Investments L.P. lifted its stake in ADT Inc. (NYSE:ADT - Free Report) by 63.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,907 shares of the security and automation business's stock after purchasing an additional 56,673 shares during the quarter. Pinebridge Investments L.P.'s holdings in ADT were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in ADT. Headlands Technologies LLC acquired a new position in ADT in the fourth quarter worth approximately $62,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in ADT in the fourth quarter worth approximately $73,000. Magnetar Financial LLC acquired a new position in ADT in the fourth quarter worth approximately $73,000. Federated Hermes Inc. increased its holdings in ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after buying an additional 1,449 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in ADT in the fourth quarter worth approximately $74,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Trading Up 1.4 %

NYSE:ADT opened at $7.96 on Tuesday. ADT Inc. has a 12 month low of $6.42 and a 12 month high of $8.39. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 8.65 and a beta of 1.42. 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 company's 50 day moving average is $7.81 and its 200-day moving average is $7.50.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm posted $0.16 earnings per share. The company's quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.055 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.76%. ADT's payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank of Canada restated a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a report on Monday, April 21st. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $7.00 to $9.00 in a research report on Friday, April 4th.

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.

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