Horizon Investment Services LLC Purchases Shares of 173,155 ADT Inc. $ADT

Horizon Investment Services LLC acquired a new position in shares of ADT Inc. (NYSE:ADT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 173,155 shares of the security and automation business’s stock, valued at approximately $1,508,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Osaic Holdings Inc. increased its position in ADT by 39.9% during the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after buying an additional 1,240 shares during the last quarter. WPG Advisers LLC boosted its stake in shares of ADT by 54.3% during the 3rd quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock worth $36,000 after acquiring an additional 1,440 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of ADT by 4.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 41,189 shares of the security and automation business’s stock worth $349,000 after acquiring an additional 1,607 shares during the last quarter. Panagora Asset Management Inc. raised its stake in ADT by 2.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 63,978 shares of the security and automation business’s stock valued at $542,000 after acquiring an additional 1,699 shares during the period. Finally, Atria Investments Inc lifted its holdings in ADT by 13.5% during the 2nd quarter. Atria Investments Inc now owns 15,119 shares of the security and automation business’s stock valued at $128,000 after purchasing an additional 1,803 shares during the last quarter. 87.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Zacks Research lowered shares of ADT from a “hold” rating to a “strong sell” rating in a research note on Friday, December 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of ADT in a report on Monday, December 29th. Finally, Wall Street Zen cut 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.25.

ADT Stock Performance

NYSE ADT opened at $7.76 on Thursday. The firm has a 50-day moving average price of $8.10 and a two-hundred day moving average price of $8.38. ADT Inc. has a 12-month low of $7.28 and a 12-month high of $8.94. The company has a market capitalization of $6.36 billion, a P/E 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 released its quarterly earnings results on Tuesday, November 4th. The security and automation business reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $1.30 billion during 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 firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 earnings per share. Analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Company 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.