Captrust Financial Advisors Sells 9,275 Shares of ADT Inc. (NYSE:ADT)

Captrust Financial Advisors lessened its stake in shares of ADT Inc. (NYSE:ADT) by 28.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 23,746 shares of the security and automation business’s stock after selling 9,275 shares during the quarter. Captrust Financial Advisors’ holdings in ADT were worth $172,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ADT. Pacer Advisors Inc. acquired a new stake in shares of ADT during the 2nd quarter worth about $195,461,000. LSV Asset Management lifted its stake in shares of ADT by 186.0% during the 2nd quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock worth $73,310,000 after buying an additional 6,272,974 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of ADT by 61.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock worth $93,937,000 after buying an additional 4,705,544 shares during the last quarter. AQR Capital Management LLC raised its stake in ADT by 75.0% in the 2nd quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business’s stock worth $59,755,000 after purchasing an additional 3,370,550 shares in the last quarter. Finally, Ariel Investments LLC raised its stake in ADT by 2.6% in the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock worth $230,740,000 after purchasing an additional 780,762 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on ADT shares. Morgan Stanley lifted their price objective on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group lifted their price objective 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, Royal Bank of Canada lifted their price objective on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th.

ADT Price Performance

ADT stock opened at $7.16 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. ADT Inc. has a 12 month low of $6.02 and a 12 month high of $8.25. The firm has a market cap of $6.49 billion, a P/E ratio of 7.78 and a beta of 1.49. The company’s 50-day moving average price is $7.38 and its two-hundred day moving average price is $7.35.

ADT (NYSE:ADT) last released its earnings results on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.07%. The ex-dividend date is Thursday, December 12th. ADT’s dividend payout ratio is currently 23.91%.

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.