Partners Group Holding AG Sells 611,799 Shares of ADT Inc. (NYSE:ADT)

Partners Group Holding AG trimmed its stake in ADT Inc. (NYSE:ADT) by 13.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,015,484 shares of the security and automation business’s stock after selling 611,799 shares during the period. ADT accounts for about 1.0% of Partners Group Holding AG’s investment portfolio, making the stock its 24th largest position. Partners Group Holding AG owned approximately 0.44% of ADT worth $27,747,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ADT in the fourth quarter valued at approximately $73,000. Magnetar Financial LLC acquired a new position in ADT in the 4th quarter valued at $73,000. Chicago Partners Investment Group LLC bought a new position in ADT in the 4th quarter worth $74,000. Capstone Investment Advisors LLC acquired a new position in ADT during the 3rd quarter worth $76,000. Finally, KBC Group NV lifted its position in ADT by 46.9% during the 3rd quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after acquiring an additional 3,375 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on ADT shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a research note on Wednesday, January 29th. Morgan Stanley raised their target price on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th.

ADT Stock Performance

NYSE:ADT opened at $7.74 on Friday. 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’s 50-day moving average is $7.53 and its 200-day moving average is $7.34. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.39. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 8.41 and a beta of 1.58.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a $0.055 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.84%. ADT’s dividend payout ratio (DPR) is 41.51%.

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.