Savant Capital LLC Has $1.43 Million Stake in ADT Inc. (NYSE:ADT)

Savant Capital LLC lowered its position in ADT Inc. (NYSE:ADT) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,327 shares of the security and automation business’s stock after selling 7,249 shares during the quarter. Savant Capital LLC’s holdings in ADT were worth $1,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADT. Kingsview Wealth Management LLC bought a new stake in shares of ADT in the 4th quarter valued at about $2,481,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ADT in the fourth quarter valued at approximately $73,000. Chicago Partners Investment Group LLC acquired a new stake in shares of ADT in the fourth quarter valued at approximately $74,000. Highland Capital Management LLC boosted its stake in shares of ADT by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business’s stock worth $204,000 after acquiring an additional 1,810 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of ADT during the 4th quarter worth approximately $290,000. Institutional investors own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

ADT has been the subject of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 price target on shares of ADT in a report on Wednesday, January 29th. The Goldman Sachs Group raised their target price on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley lifted their target price 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.

ADT Stock Performance

NYSE:ADT opened at $7.51 on Friday. The stock has a 50 day simple moving average of $7.23 and a 200 day simple moving average of $7.28. The stock has a market cap of $6.81 billion, a P/E ratio of 8.16 and a beta of 1.50. ADT Inc. has a 1-year low of $6.10 and a 1-year high of $8.25. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT 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.