National Bank of Canada FI Trims Stake in ADT Inc. (NYSE:ADT)

National Bank of Canada FI trimmed its position in ADT Inc. (NYSE:ADT) by 16.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,160 shares of the security and automation business’s stock after selling 1,837 shares during the quarter. National Bank of Canada FI’s holdings in ADT were worth $63,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADT. Chicago Partners Investment Group LLC bought a new stake in shares of ADT in the fourth quarter valued at about $74,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in ADT during the 4th quarter valued at about $73,000. Magnetar Financial LLC bought a new stake in shares of ADT in the 4th quarter valued at about $73,000. Claro Advisors LLC purchased a new stake in shares of ADT in the 4th quarter worth approximately $88,000. Finally, Parametrica Management Ltd bought a new position in shares of ADT during the fourth quarter valued at approximately $89,000. Institutional investors own 87.22% of the company’s stock.

ADT Trading Up 1.8 %

NYSE ADT opened at $7.83 on Friday. ADT Inc. has a 52 week low of $6.10 and a 52 week high of $8.39. The company has a 50 day moving average price of $7.73 and a 200 day moving average price of $7.44. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm has a market cap of $6.86 billion, a PE ratio of 8.51 and a beta of 1.42.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Thursday, March 13th. ADT’s payout ratio is presently 41.51%.

Wall Street Analyst Weigh In

ADT has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a research note on Wednesday, January 29th. Barclays raised ADT from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $7.00 to $9.00 in a research report on Friday, April 4th.

ADT Company 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.