TFB Advisors LLC Buys Shares of 54,346 ADT Inc. (NYSE:ADT)

TFB Advisors LLC bought a new position in ADT Inc. (NYSE:ADT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 54,346 shares of the security and automation business’s stock, valued at approximately $376,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADT. Pacer Advisors Inc. raised its stake in ADT by 20.3% during the 3rd quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock worth $223,707,000 after buying an additional 5,222,972 shares during the period. Geode Capital Management LLC increased its holdings in shares of ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after acquiring an additional 1,543,677 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 during the period. State Street Corp lifted its holdings in shares of ADT by 7.5% during the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock valued at $48,060,000 after purchasing an additional 457,918 shares in the last quarter. Finally, Bridgewater Associates LP grew its position in shares of ADT by 220.5% in the 3rd quarter. Bridgewater Associates LP now owns 566,077 shares of the security and automation business’s stock valued at $4,093,000 after purchasing an additional 389,442 shares during the period. 87.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 target price on shares of ADT in a report on Wednesday, January 29th. Morgan Stanley raised their price objective on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday, October 25th.

ADT Trading Down 2.1 %

NYSE ADT opened at $7.32 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. ADT Inc. has a 52 week low of $6.10 and a 52 week high of $8.25. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 7.96 and a beta of 1.50. The stock’s 50 day moving average price is $7.24 and its two-hundred day moving average price is $7.28.

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.