Public Employees Retirement System of Ohio Trims Position in ADT Inc. (NYSE:ADT)

Public Employees Retirement System of Ohio lessened its holdings in shares of ADT Inc. (NYSE:ADT) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,933 shares of the security and automation business’s stock after selling 8,678 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in ADT were worth $558,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of ADT by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 31,926,013 shares of the security and automation business’s stock valued at $191,556,000 after acquiring an additional 180,785 shares during the last quarter. Deutsche Bank AG boosted its position in shares of ADT by 44.2% during the 3rd quarter. Deutsche Bank AG now owns 1,966,871 shares of the security and automation business’s stock valued at $11,801,000 after acquiring an additional 602,704 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of ADT by 338.5% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 122,579 shares of the security and automation business’s stock valued at $735,000 after acquiring an additional 94,625 shares during the last quarter. Toroso Investments LLC lifted its position in ADT by 16.8% in the 3rd quarter. Toroso Investments LLC now owns 90,137 shares of the security and automation business’s stock worth $541,000 after buying an additional 12,938 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in ADT by 345.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 141,018 shares of the security and automation business’s stock worth $846,000 after buying an additional 109,381 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

Shares of ADT stock opened at $6.74 on Thursday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.52 and a current ratio of 0.68. ADT Inc. has a fifty-two week low of $4.89 and a fifty-two week high of $7.60. The stock has a 50 day moving average price of $6.68 and a two-hundred day moving average price of $6.38. The company has a market capitalization of $6.21 billion, a P/E ratio of 13.47 and a beta of 1.58.

ADT (NYSE:ADT) last announced its quarterly earnings data on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. ADT had a return on equity of 14.85% and a net margin of 8.69%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $0.08 earnings per share. The business’s revenue was down 27.1% on a year-over-year basis. Analysts expect that ADT Inc. will post 0.67 earnings per share for the current year.

ADT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.055 per share. The ex-dividend date is Wednesday, March 13th. This is a boost from ADT’s previous quarterly dividend of $0.04. This represents a $0.22 annualized dividend and a dividend yield of 3.27%. ADT’s payout ratio is 44.00%.

Wall Street Analysts Forecast Growth

ADT has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Barclays dropped their target price on ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, March 22nd.

ADT 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.