Strs Ohio Decreases Holdings in ADT Inc. $ADT

Strs Ohio cut its stake in ADT Inc. (NYSE:ADT) by 95.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,206 shares of the security and automation business’s stock after selling 250,619 shares during the quarter. Strs Ohio’s holdings in ADT were worth $106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of ADT by 14.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,413,464 shares of the security and automation business’s stock valued at $12,311,000 after buying an additional 176,737 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in ADT by 184.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 78,538 shares of the security and automation business’s stock worth $684,000 after acquiring an additional 50,955 shares during the period. Allegiance Financial Group Advisory Services LLC grew its position in ADT by 34.6% in the third quarter. Allegiance Financial Group Advisory Services LLC now owns 30,723 shares of the security and automation business’s stock valued at $269,000 after acquiring an additional 7,900 shares in the last quarter. Jackson Thornton Wealth Management LLC purchased a new stake in shares of ADT during the third quarter valued at approximately $491,000. Finally, Inscription Capital LLC acquired a new position in shares of ADT during the third quarter worth $482,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Ratings Changes

ADT has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Zacks Research cut shares of ADT from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. Wall Street Zen cut ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ADT in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ADT presently has an average rating of “Hold” and a consensus price target of $9.25.

ADT Price Performance

ADT opened at $7.76 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99. The company’s 50-day moving average price is $8.10 and its 200 day moving average price is $8.38. ADT Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $8.94. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 11.25 and a beta of 0.98.

ADT (NYSE:ADT) last issued its earnings results on Tuesday, November 4th. The security and automation business reported $0.23 EPS 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 return on equity of 18.96% and a net margin of 12.52%.ADT’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. As a group, sell-side analysts expect 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.