Ariel Investments LLC Sells 536,112 Shares of ADT Inc. (NYSE:ADT)

Ariel Investments LLC lowered its holdings in ADT Inc. (NYSE:ADT - Free Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,580,136 shares of the security and automation business's stock after selling 536,112 shares during the period. ADT comprises 2.1% of Ariel Investments LLC's holdings, making the stock its 19th biggest holding. Ariel Investments LLC owned about 3.15% of ADT worth $197,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of ADT by 1,132.1% during the 4th quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock valued at $1,684,000 after buying an additional 223,922 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in ADT by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after buying an additional 609,842 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of ADT by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock worth $3,505,000 after purchasing an additional 100,134 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in ADT by 46.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock valued at $904,000 after purchasing an additional 41,682 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of ADT during the fourth quarter worth approximately $153,824,000. 87.22% of the stock is currently owned by institutional investors.

ADT Stock Performance

ADT stock traded up $0.07 during midday trading on Tuesday, hitting $8.20. The company's stock had a trading volume of 24,760,551 shares, compared to its average volume of 8,375,815. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 8.91 and a beta of 1.29. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.39. The company has a 50-day moving average price of $7.87 and a two-hundred day moving average price of $7.54.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the firm earned $0.16 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side 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 will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio is presently 37.93%.

Analyst Ratings Changes

Several equities research analysts have recently commented on ADT shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $7.00 to $9.00 in a research note 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.