Sciencast Management LP Takes $100,000 Position in ADT Inc. (NYSE:ADT)

Sciencast Management LP bought a new stake in ADT Inc. (NYSE:ADT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,514 shares of the security and automation business’s stock, valued at approximately $100,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADT. Atria Investments Inc purchased a new position in shares of ADT in the 3rd quarter valued at approximately $99,000. Victory Capital Management Inc. lifted its stake in shares of ADT by 218.7% in the 3rd quarter. Victory Capital Management Inc. now owns 169,615 shares of the security and automation business’s stock valued at $1,226,000 after purchasing an additional 116,393 shares during the period. Pathstone Holdings LLC lifted its stake in shares of ADT by 3.6% in the 3rd quarter. Pathstone Holdings LLC now owns 299,431 shares of the security and automation business’s stock valued at $2,166,000 after purchasing an additional 10,447 shares during the period. Commerce Bank raised its stake in ADT by 100.6% during the third quarter. Commerce Bank now owns 21,939 shares of the security and automation business’s stock valued at $159,000 after buying an additional 11,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 valued at $33,615,000 after buying an additional 518,515 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Down 0.3 %

ADT stock opened at $7.74 on Monday. ADT Inc. has a 1-year low of $6.10 and a 1-year high of $8.39. The business has a fifty day moving average price of $7.53 and a 200-day moving average price of $7.34. 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 stock has a market capitalization of $6.78 billion, a P/E ratio of 8.41 and a beta of 1.58.

ADT Announces Dividend

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

Analyst Ratings Changes

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

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.