ADT Inc. (NYSE:ADT) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its position in ADT Inc. (NYSE:ADT) by 22.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 407,280 shares of the security and automation business’s stock after purchasing an additional 73,312 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in ADT were worth $2,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in ADT by 0.6% in 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 purchasing an additional 180,785 shares during the last quarter. Ariel Investments LLC increased its stake in shares of ADT by 5.3% in the third quarter. Ariel Investments LLC now owns 22,429,407 shares of the security and automation business’s stock worth $134,576,000 after buying an additional 1,127,309 shares during the last quarter. Pacer Advisors Inc. boosted its stake in ADT by 21.3% during the 4th quarter. Pacer Advisors Inc. now owns 15,627,166 shares of the security and automation business’s stock valued at $106,577,000 after acquiring an additional 2,740,447 shares during the last quarter. William Blair Investment Management LLC grew its holdings in ADT by 90.6% during the 3rd quarter. William Blair Investment Management LLC now owns 3,741,873 shares of the security and automation business’s stock worth $22,451,000 after acquiring an additional 1,778,262 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of ADT by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,306,847 shares of the security and automation business’s stock worth $19,841,000 after purchasing an additional 70,339 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Trading Up 0.3 %

NYSE:ADT opened at $6.38 on Thursday. ADT Inc. has a 12-month low of $4.89 and a 12-month high of $7.60. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.52. The business has a 50 day simple moving average of $6.62 and a 200 day simple moving average of $6.44. The firm has a market capitalization of $5.88 billion, a P/E ratio of 12.76 and a beta of 1.57.

ADT (NYSE:ADT) last announced its quarterly earnings results on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. ADT had a net margin of 8.69% and a return on equity of 14.85%. The company’s revenue for the quarter was down 27.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Equities research analysts predict that ADT Inc. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

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

ADT Company Profile

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.