Savant Capital LLC Purchases 210,227 Shares of ADT Inc. $ADT

Savant Capital LLC lifted its position in ADT Inc. (NYSE:ADT) by 69.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 513,467 shares of the security and automation business’s stock after buying an additional 210,227 shares during the period. Savant Capital LLC’s holdings in ADT were worth $4,472,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Checchi Capital Advisers LLC acquired a new position in ADT in the third quarter valued at about $92,000. Envestnet Asset Management Inc. lifted its holdings in shares of ADT by 92.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 550,277 shares of the security and automation business’s stock valued at $4,793,000 after purchasing an additional 264,225 shares in the last quarter. State of Wyoming grew its position in shares of ADT by 428.4% in the 3rd quarter. State of Wyoming now owns 77,283 shares of the security and automation business’s stock valued at $673,000 after purchasing an additional 62,658 shares during the period. Convergence Investment Partners LLC increased its stake in ADT by 28.5% during the 3rd quarter. Convergence Investment Partners LLC now owns 277,559 shares of the security and automation business’s stock worth $2,418,000 after purchasing an additional 61,538 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in ADT by 32.3% during the 3rd quarter. Principal Financial Group Inc. now owns 19,552 shares of the security and automation business’s stock worth $170,000 after purchasing an additional 4,776 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Stock Up 3.1%

ADT stock opened at $8.09 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. ADT Inc. has a 1-year low of $7.28 and a 1-year high of $8.94. The company has a fifty day simple moving average of $8.10 and a 200 day simple moving average of $8.37. The company has a market cap of $6.63 billion, a P/E ratio of 11.72 and a beta of 0.98.

ADT (NYSE:ADT) last posted its quarterly earnings data on Tuesday, November 4th. The security and automation business reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. ADT had a net margin of 12.52% and a return on equity of 18.96%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. Research analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADT has been the topic of a number of research reports. Zacks Research lowered shares of ADT from a “hold” rating to a “strong sell” rating in a research note on Friday, December 19th. Wall Street Zen cut shares of ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. Finally, Morgan Stanley dropped their price target on ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.25.

ADT Company Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.