Renaissance Technologies LLC Buys 1,130,400 Shares of ADT Inc. (NYSE:ADT)

Renaissance Technologies LLC boosted its position in ADT Inc. (NYSE:ADT) by 553.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,334,506 shares of the security and automation business’s stock after acquiring an additional 1,130,400 shares during the quarter. Renaissance Technologies LLC’s holdings in ADT were worth $9,221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ADT. State Street Corp increased its position in shares of ADT by 7.5% during the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock valued at $48,060,000 after purchasing an additional 457,918 shares during the last quarter. Geode Capital Management LLC boosted its stake in ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after buying an additional 1,543,677 shares in the last quarter. Sanctuary Advisors LLC grew its position in ADT by 10.8% during the third quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock valued at $164,000 after acquiring an additional 2,112 shares during the last quarter. Tidal Investments LLC raised its stake in shares of ADT by 21.9% during the third quarter. Tidal Investments LLC now owns 111,052 shares of the security and automation business’s stock worth $803,000 after acquiring an additional 19,920 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of ADT in the 3rd quarter worth approximately $339,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Down 0.2 %

Shares of NYSE ADT opened at $7.87 on Friday. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 8.55 and a beta of 1.42. 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’s fifty day moving average is $7.76 and its 200 day moving average is $7.45. ADT Inc. has a 52 week low of $6.12 and a 52 week high of $8.39.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Thursday, March 13th. ADT’s dividend payout ratio (DPR) is 41.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ADT shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $7.00 to $9.00 in a report on Friday, April 4th.

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.