ADT Inc. (NYSE:ADT) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of ADT Inc. (NYSE:ADT) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,512,186 shares of the security and automation business’s stock after selling 102,092 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.16% of ADT worth $10,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADT. International Assets Investment Management LLC purchased a new position in shares of ADT during the 4th quarter worth approximately $140,000. Pacer Advisors Inc. grew its stake in ADT by 21.3% in the 4th quarter. Pacer Advisors Inc. now owns 15,627,166 shares of the security and automation business’s stock worth $106,577,000 after acquiring an additional 2,740,447 shares during the period. Cooper Financial Group purchased a new stake in ADT in the 4th quarter worth approximately $155,000. SG Americas Securities LLC grew its stake in ADT by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 112,957 shares of the security and automation business’s stock worth $770,000 after acquiring an additional 23,774 shares during the period. Finally, Nordea Investment Management AB purchased a new stake in ADT in the 4th quarter worth approximately $6,696,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on ADT. The Goldman Sachs Group lifted their target price on shares of ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Barclays lowered their target price on shares of ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, March 22nd.

ADT Trading Down 1.5 %

ADT stock opened at $6.36 on Friday. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 12.72 and a beta of 1.57. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. The business has a fifty day simple moving average of $6.69 and a 200-day simple moving average of $6.43. ADT Inc. has a 52 week low of $4.89 and a 52 week high of $7.60.

ADT (NYSE:ADT) last released its quarterly earnings data on Wednesday, February 28th. The security and automation business reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. ADT had a return on equity of 14.85% and a net margin of 8.69%. The business’s revenue for the quarter was down 27.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. On average, equities research analysts expect that ADT Inc. will post 0.67 EPS for the current year.

ADT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 14th were issued a $0.055 dividend. This is an increase from ADT’s previous quarterly dividend of $0.04. This represents a $0.22 annualized dividend and a yield of 3.46%. The ex-dividend date was Wednesday, March 13th. ADT’s dividend payout ratio is currently 44.00%.

About ADT

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.