Ariel Investments LLC Has $197.49 Million Stock Position in ADT Inc. (NYSE:ADT)

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of ADT in the fourth quarter worth about $62,000. Chicago Partners Investment Group LLC acquired a new stake in shares of ADT during the 4th quarter worth approximately $74,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ADT in the 4th quarter valued at $73,000. Magnetar Financial LLC acquired a new position in ADT in the fourth quarter worth about $73,000. Finally, Federated Hermes Inc. lifted its position in shares of ADT by 15.8% during the 4th 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 period. Institutional investors and hedge funds own 87.22% of the company's stock.

Analysts Set New Price Targets

ADT has been the subject of several analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price target on shares of ADT in a report on Monday, April 21st. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $7.00 to $9.00 in a research report on Friday, April 4th.

ADT Price Performance

Shares of ADT traded up $0.12 during mid-day trading on Thursday, hitting $8.40. 13,147,862 shares of the company traded hands, compared to its average volume of 8,488,782. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 9.13 and a beta of 1.29. The business has a 50-day moving average of $7.87 and a 200 day moving average of $7.55. ADT Inc. has a one year low of $6.53 and a one year high of $8.44.

ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earned $0.16 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a $0.055 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.62%. ADT's dividend payout ratio (DPR) is presently 37.93%.

About ADT

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.