Sequoia Financial Advisors LLC Makes New Investment in ADT Inc. $ADT

Sequoia Financial Advisors LLC bought a new position in shares of ADT Inc. (NYSE:ADT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 24,563 shares of the security and automation business’s stock, valued at approximately $208,000.

Several other institutional investors also recently made changes to their positions in ADT. Wealth Enhancement Advisory Services LLC boosted its position in shares of ADT by 93.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business’s stock worth $1,732,000 after purchasing an additional 102,538 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of ADT by 16.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 152,635 shares of the security and automation business’s stock worth $1,242,000 after purchasing an additional 21,797 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of ADT by 10.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 100,600 shares of the security and automation business’s stock worth $819,000 after purchasing an additional 9,700 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of ADT during the 1st quarter worth $739,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of ADT by 4.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business’s stock worth $356,000 after purchasing an additional 1,769 shares in the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Stock Performance

ADT stock opened at $8.71 on Friday. The stock has a market cap of $7.24 billion, a P/E ratio of 13.19 and a beta of 1.05. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The stock has a 50 day moving average of $8.67 and a 200-day moving average of $8.41. ADT Inc. has a 52 week low of $6.71 and a 52 week high of $8.94.

ADT (NYSE:ADT) last released its earnings results on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. The business had revenue of $1.31 billion for the quarter. ADT had a net margin of 12.30% and a return on equity of 18.58%. On average, analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ADT shares. Morgan Stanley lifted their price target on ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Zacks Research downgraded ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Citigroup lifted their price target on ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded ADT from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of ADT in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, ADT has a consensus rating of “Hold” and a consensus price target of $9.34.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the sale, the insider directly owned 112,650,366 shares of the company’s stock, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

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.