Mackenzie Financial Corp Acquires 150,087 Shares of ADT Inc. (NYSE:ADT)

Mackenzie Financial Corp grew its holdings in shares of ADT Inc. (NYSE:ADT) by 794.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 168,971 shares of the security and automation business’s stock after buying an additional 150,087 shares during the quarter. Mackenzie Financial Corp’s holdings in ADT were worth $1,152,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of ADT by 0.6% during the third quarter. Vanguard Group Inc. now owns 31,926,013 shares of the security and automation business’s stock valued at $191,556,000 after buying an additional 180,785 shares during the last quarter. Ariel Investments LLC grew its stake in shares of ADT by 5.3% during the third quarter. Ariel Investments LLC now owns 22,429,407 shares of the security and automation business’s stock valued at $134,576,000 after buying an additional 1,127,309 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of ADT by 21.3% during the fourth quarter. Pacer Advisors Inc. now owns 15,627,166 shares of the security and automation business’s stock valued at $106,577,000 after buying an additional 2,740,447 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of ADT by 90.6% during the third quarter. William Blair Investment Management LLC now owns 3,741,873 shares of the security and automation business’s stock valued at $22,451,000 after buying an additional 1,778,262 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of ADT by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 3,306,847 shares of the security and automation business’s stock valued at $19,841,000 after purchasing an additional 70,339 shares during the period. Institutional investors own 87.22% of the company’s stock.

ADT Stock Up 0.3 %

Shares of NYSE ADT opened at $6.38 on Thursday. The stock has a 50 day moving average price of $6.62 and a 200 day moving average price of $6.44. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.52 and a current ratio of 0.68. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 12.76 and a beta of 1.57. ADT Inc. has a 52-week low of $4.89 and a 52-week high of $7.60.

ADT (NYSE:ADT) last posted its earnings results on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. ADT had a return on equity of 14.85% and a net margin of 8.69%. ADT’s revenue was down 27.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 earnings per share. Sell-side analysts expect that ADT Inc. will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on ADT from $7.50 to $8.30 and gave the company a “buy” rating in a report on Thursday, February 29th. Barclays lowered their price target on ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, March 22nd.

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.