First Trust Advisors LP Has $24.07 Million Position in ADT Inc. (NYSE:ADT)

First Trust Advisors LP grew its position in ADT Inc. (NYSE:ADT - Free Report) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,482,813 shares of the security and automation business's stock after acquiring an additional 482,883 shares during the quarter. First Trust Advisors LP owned approximately 0.38% of ADT worth $24,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in ADT during the 4th quarter valued at approximately $62,000. Chicago Partners Investment Group LLC acquired a new position in ADT during the 4th quarter worth $74,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ADT in the fourth quarter worth $73,000. Magnetar Financial LLC acquired a new position in shares of ADT during the fourth quarter valued at $73,000. Finally, Federated Hermes Inc. raised its stake in shares of ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after purchasing an additional 1,449 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Stock Down 0.6 %

Shares of ADT stock traded down $0.05 during trading on Wednesday, hitting $7.93. 14,510,857 shares of the company were exchanged, compared to its average volume of 8,092,595. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 8.62 and a beta of 1.42. The business's 50-day simple moving average is $7.82 and its 200 day simple moving average is $7.50. ADT Inc. has a twelve month low of $6.42 and a twelve month high of $8.39.

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

ADT Announces Dividend

The company also recently disclosed 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. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

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

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.