LSV Asset Management Increases Stock Holdings in ADT Inc. $ADT

LSV Asset Management raised its position in ADT Inc. (NYSE:ADT) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,646,206 shares of the security and automation business’s stock after acquiring an additional 919,013 shares during the quarter. LSV Asset Management owned approximately 3.09% of ADT worth $223,378,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of ADT in the second quarter valued at approximately $219,825,000. Alliancebernstein L.P. boosted its position in ADT by 5.5% in the 2nd quarter. Alliancebernstein L.P. now owns 16,346,077 shares of the security and automation business’s stock valued at $138,451,000 after buying an additional 853,767 shares during the period. AQR Capital Management LLC grew its stake in shares of ADT by 22.7% in the second quarter. AQR Capital Management LLC now owns 16,097,474 shares of the security and automation business’s stock worth $135,702,000 after acquiring an additional 2,978,376 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of ADT by 2,089.4% in the second quarter. Allianz Asset Management GmbH now owns 14,638,575 shares of the security and automation business’s stock worth $123,989,000 after acquiring an additional 13,969,976 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of ADT by 179.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 13,693,517 shares of the security and automation business’s stock worth $115,984,000 after acquiring an additional 8,796,249 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Ratings Changes

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

ADT Trading Down 4.9%

NYSE ADT opened at $7.82 on Thursday. The firm’s fifty day moving average price is $8.09 and its 200 day moving average price is $8.36. ADT Inc. has a 12 month low of $7.28 and a 12 month high of $8.94. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.67 and a quick ratio of 0.54. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 11.33 and a beta of 0.98.

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.