SG Americas Securities LLC has purchased a new stake in ADT Inc. in the third quarter, according to the company’s recent 13F filing with the SEC. The firm bought 13,698 shares of ADT’s stock, valued at approximately $103,000.
Several other institutional investors have also recently made changes to their positions in ADT. Vanguard Group Inc. increased its holdings in ADT by 26.3% in the first quarter. State Street Corp increased its holdings in ADT by 66.8% in the second quarter. Dimensional Fund Advisors LP increased its holdings in ADT by 5.7% in the first quarter. Charles Schwab Investment Management Inc. increased its holdings in ADT by 10.0% in the first quarter. Northern Trust Corp increased its holdings in ADT by 20.2% in the second quarter. Institutional investors now own 96.76% of the company’s stock.
ADT Inc. Stock Trading Up
ADT Inc. opened at $8.56 on Wednesday and has a market cap of $7.82 billion. The company’s one-year low is $6.00 and one-year high is $10.10, with a debt-to-equity ratio of 2.79, a quick ratio of 0.35 and a current ratio of 0.51. The company has a P/E ratio of -214.00 and a beta of 1.75, with a 50-day simple moving average of $9.18 and a 200-day simple moving average of $8.52.
Insider Activity
EVP Daniel Bresingham sold 257,959 shares of the company’s stock at an average price of $9.60, totaling $2,476,406.40. Following the sale, the executive vice president now owns 1,776,114 shares in the company, valued at approximately $17,050,694.40. The transaction was disclosed in a document filed with the SEC. Company insiders own 4.80% of the company’s stock.
Analyst Ratings
A number of equities research analysts have recently weighed in on ADT’s stock. Morgan Stanley assumed coverage on shares of ADT with an “equal weight” rating and a $8.00 price target. Citigroup reiterated a “buy” rating and set a $11.00 price target on shares of ADT.
Company Profile
ADT Inc. engages in the provision of security, automation, and smart home solutions. The company offers a range of products including security panels, security cameras, ADT mobile application, and identity theft protection, as well as home security systems, fire and life safety, smart home automation, security for renters, and multifamily solutions and services.
