Trek Financial LLC Buys New Shares in ADT Inc. (NYSE:ADT)

Trek Financial LLC bought a new position in shares of ADT Inc. (NYSE:ADT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,915 shares of the security and automation business’s stock, valued at approximately $110,000.

Several other large investors also recently bought and sold shares of ADT. Vanguard Group Inc. grew its position in shares of ADT by 20.6% during the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock worth $307,876,000 after buying an additional 7,610,709 shares in the last quarter. Pacer Advisors Inc. lifted its stake in ADT by 11.7% in the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock worth $238,906,000 after acquiring an additional 3,632,502 shares during the last quarter. Norges Bank acquired a new position in ADT during the 4th quarter worth approximately $153,824,000. Geode Capital Management LLC increased its position in shares of ADT by 17.0% in the 4th quarter. Geode Capital Management LLC now owns 6,876,443 shares of the security and automation business’s stock valued at $47,529,000 after purchasing an additional 1,001,303 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of ADT by 7.5% in 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. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADT. Barclays upgraded shares of ADT from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 price objective on shares of ADT in a research report on Wednesday, January 29th. Finally, Morgan Stanley raised their target price on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

ADT Price Performance

Shares of NYSE:ADT opened at $7.52 on Wednesday. ADT Inc. has a 12 month low of $6.10 and a 12 month high of $8.39. The firm has a market capitalization of $6.59 billion, a P/E ratio of 8.17 and a beta of 1.42. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The company’s fifty day moving average price is $7.72 and its 200 day moving average price is $7.42.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Thursday, March 13th. ADT’s dividend payout ratio (DPR) is currently 41.51%.

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.