Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in ADT Inc. (NYSE:ADT)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ADT Inc. (NYSE:ADT) by 48.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,362 shares of the security and automation business’s stock after acquiring an additional 18,053 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ADT were worth $378,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ADT. CWM LLC grew its holdings in ADT by 824.5% in the third quarter. CWM LLC now owns 4,447 shares of the security and automation business’s stock valued at $27,000 after purchasing an additional 3,966 shares during the period. Forum Financial Management LP purchased a new position in ADT during the third quarter worth about $66,000. Commonwealth Equity Services LLC increased its holdings in ADT by 11.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 17,733 shares of the security and automation business’s stock valued at $106,000 after purchasing an additional 1,784 shares during the last quarter. Hill Investment Group Partners LLC grew its stake in shares of ADT by 47.5% in the third quarter. Hill Investment Group Partners LLC now owns 20,965 shares of the security and automation business’s stock valued at $126,000 after buying an additional 6,749 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in ADT in the 3rd quarter valued at about $136,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ADT Price Performance

Shares of NYSE ADT opened at $6.68 on Friday. The firm has a market capitalization of $6.16 billion, a PE ratio of 9.54 and a beta of 1.56. ADT Inc. has a fifty-two week low of $4.89 and a fifty-two week high of $7.60. The stock’s 50-day simple moving average is $6.58 and its 200-day simple moving average is $6.44. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.56 and a current ratio of 0.71.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, April 25th. The security and automation business reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. ADT had a return on equity of 15.98% and a net margin of 12.81%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, equities research analysts forecast that ADT Inc. will post 0.67 EPS for the current fiscal year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 3.29%. The ex-dividend date is Thursday, June 13th. ADT’s dividend payout ratio (DPR) is 31.43%.

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.