ADT Inc. (NYSE:ADT) Given Average Recommendation of “Hold” by Brokerages

ADT Inc. (NYSE:ADT) has been assigned an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $9.3750.

Several analysts have issued reports on ADT shares. Zacks Research cut ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Citigroup upped their price objective on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Wall Street Zen cut shares of ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ADT in a report on Tuesday.

Institutional Investors Weigh In On ADT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of ADT in the 2nd quarter valued at $219,825,000. AQR Capital Management LLC raised its holdings in ADT by 124.6% in the 3rd quarter. AQR Capital Management LLC now owns 36,160,099 shares of the security and automation business’s stock valued at $314,954,000 after buying an additional 20,062,625 shares during the period. Vanguard Group Inc. raised its holdings in ADT by 42.7% in the 3rd quarter. Vanguard Group Inc. now owns 64,858,510 shares of the security and automation business’s stock valued at $564,918,000 after buying an additional 19,413,112 shares during the period. Allianz Asset Management GmbH lifted its position in 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 valued at $123,989,000 after buying an additional 13,969,976 shares during the last quarter. Finally, LSV Asset Management boosted its stake in ADT by 97.1% during the second quarter. LSV Asset Management now owns 24,727,193 shares of the security and automation business’s stock worth $209,439,000 after buying an additional 12,182,009 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Price Performance

NYSE:ADT opened at $8.15 on Friday. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 11.80 and a beta of 1.00. ADT has a one year low of $6.71 and a one year high of $8.94. The firm’s fifty day moving average is $8.46 and its two-hundred day moving average is $8.47. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.54 and a current ratio of 0.67.

ADT (NYSE:ADT) last released its earnings results on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. ADT had a return on equity of 18.96% and a net margin of 12.52%.The company had revenue of $1.31 billion for the quarter. Research analysts expect that ADT will post 0.7 EPS for the current year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 11th. ADT’s payout ratio is presently 31.88%.

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.