Pacer Advisors Inc. Raises Position in ADT Inc. (NYSE:ADT)

Pacer Advisors Inc. lifted its stake in shares of ADT Inc. (NYSE:ADT) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,574,011 shares of the security and automation business’s stock after acquiring an additional 3,632,502 shares during the quarter. Pacer Advisors Inc. owned 3.81% of ADT worth $238,906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Abich Financial Wealth Management LLC acquired a new position in ADT during the 3rd quarter worth $70,000. Capstone Investment Advisors LLC acquired a new position in shares of ADT during the third quarter worth about $76,000. KBC Group NV increased its stake in shares of ADT by 46.9% during the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after buying an additional 3,375 shares during the period. Creative Planning acquired a new stake in ADT in the third quarter valued at approximately $78,000. Finally, Claro Advisors LLC purchased a new position in ADT in the fourth quarter worth approximately $88,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADT has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada lifted their price target on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th.

ADT Stock Up 1.0 %

Shares of NYSE:ADT opened at $7.47 on Monday. The firm has a 50 day simple moving average of $7.24 and a 200-day simple moving average of $7.29. ADT Inc. has a twelve month low of $6.10 and a twelve month high of $8.25. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $6.78 billion, a PE ratio of 8.12 and a beta of 1.51.

ADT (NYSE:ADT) last released its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $0.07 earnings per share. ADT’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts predict that ADT Inc. will post 0.7 EPS for the current fiscal year.

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.