TCW Group Inc. Raises Stock Position in ADT Inc. (NYSE:ADT)

TCW Group Inc. grew its holdings in ADT Inc. (NYSE:ADT) by 57.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,535 shares of the security and automation business’s stock after acquiring an additional 79,650 shares during the period. TCW Group Inc.’s holdings in ADT were worth $1,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in ADT by 11.2% during 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 period. Hill Investment Group Partners LLC raised its position in shares of ADT by 47.5% during 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 during the last quarter. Blueshift Asset Management LLC purchased a new position in shares of ADT in the third quarter worth $136,000. Panagora Asset Management Inc. boosted its position in shares of ADT by 102.4% during the fourth quarter. Panagora Asset Management Inc. now owns 20,263 shares of the security and automation business’s stock worth $138,000 after acquiring an additional 10,251 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in ADT during the fourth quarter valued at $140,000. Institutional investors own 87.22% of the company’s stock.

Analyst Ratings Changes

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

ADT Price Performance

ADT traded up $0.02 during trading hours on Friday, hitting $7.22. The company’s stock had a trading volume of 4,310,575 shares, compared to its average volume of 4,425,835. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 10.31 and a beta of 1.56. The business’s 50-day moving average price is $6.66 and its 200-day moving average price is $6.56. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 2.03. ADT Inc. has a 12 month low of $5.53 and a 12 month high of $7.60.

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

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Thursday, June 13th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Thursday, June 13th. ADT’s payout ratio 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.