Allianz Asset Management GmbH Sells 697,524 Shares of ADT Inc. $ADT

Allianz Asset Management GmbH trimmed its holdings in shares of ADT Inc. (NYSE:ADT) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,941,051 shares of the security and automation business’s stock after selling 697,524 shares during the quarter. Allianz Asset Management GmbH owned 1.68% of ADT worth $121,427,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ADT. Harbor Capital Advisors Inc. bought a new stake in shares of ADT in the third quarter worth $25,000. Quent Capital LLC acquired a new position in ADT during the 3rd quarter worth about $28,000. WPG Advisers LLC grew its position in shares of ADT by 54.3% in the 3rd quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock valued at $36,000 after buying an additional 1,440 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of ADT by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock valued at $37,000 after buying an additional 1,240 shares during the last quarter. Finally, Bfsg LLC increased its stake in shares of ADT by 400.0% in the third quarter. Bfsg LLC now owns 5,000 shares of the security and automation business’s stock valued at $44,000 after buying an additional 4,000 shares during the period. Institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of ADT in a report on Monday, December 29th. Morgan Stanley decreased their price objective on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Zacks Research lowered shares of ADT from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. Finally, Wall Street Zen downgraded ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.25.

ADT Stock Performance

Shares of ADT stock opened at $7.77 on Wednesday. The business has a 50 day moving average price of $8.11 and a 200-day moving average price of $8.38. ADT Inc. has a 52 week low of $7.28 and a 52 week high of $8.94. The company has a market cap of $6.37 billion, a PE ratio of 11.25 and a beta of 0.98. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99.

ADT (NYSE:ADT) last posted its quarterly earnings data on Tuesday, November 4th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. ADT had a net margin of 12.52% and a return on equity of 18.96%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. Equities analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.