LSV Asset Management Grows Position in ADT Inc. $ADT

LSV Asset Management boosted its position in shares of ADT Inc. (NYSE:ADT) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,646,206 shares of the security and automation business’s stock after buying an additional 919,013 shares during the period. LSV Asset Management’s holdings in ADT were worth $223,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADT. Harbor Capital Advisors Inc. purchased a new position in shares of ADT during the third quarter worth approximately $25,000. Quent Capital LLC purchased a new stake in ADT in the 3rd quarter valued at $28,000. WPG Advisers LLC boosted its stake in ADT by 54.3% during the 3rd quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock worth $36,000 after purchasing an additional 1,440 shares during the period. Osaic Holdings Inc. boosted its stake in ADT by 39.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,240 shares during the period. Finally, Bfsg LLC grew its position in ADT by 400.0% during the 3rd quarter. Bfsg LLC now owns 5,000 shares of the security and automation business’s stock worth $44,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Price Performance

ADT stock opened at $7.82 on Thursday. The company has a market cap of $6.41 billion, a P/E ratio of 11.33 and a beta of 0.98. ADT Inc. has a one year low of $7.28 and a one year high of $8.94. The business has a fifty day moving average of $8.09 and a two-hundred day moving average of $8.36. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.54 and a current ratio of 0.67.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ADT shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a report on Monday, December 29th. Zacks Research downgraded ADT from a “hold” rating to a “strong sell” rating in a research note on Friday, December 19th. Wall Street Zen cut ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley lowered their target price on ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ADT has an average rating of “Hold” and an average price target of $9.25.

ADT Company Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.