Crestline Management LP Trims Stock Holdings in ADT Inc. (NYSE:ADT)

Crestline Management LP lowered its position in ADT Inc. (NYSE:ADT) by 73.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,400 shares of the security and automation business’s stock after selling 50,225 shares during the period. Crestline Management LP’s holdings in ADT were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of ADT by 20.6% during the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock worth $307,876,000 after purchasing an additional 7,610,709 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of ADT by 11.7% during the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock worth $238,906,000 after purchasing an additional 3,632,502 shares during the last quarter. Norges Bank purchased a new stake in shares of ADT during the fourth quarter worth approximately $153,824,000. Dimensional Fund Advisors LP raised its stake in shares of ADT by 31.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business’s stock worth $148,246,000 after purchasing an additional 5,089,056 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of ADT by 5.1% during the fourth quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business’s stock worth $74,927,000 after purchasing an additional 523,333 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADT. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 price target on shares of ADT in a research note on Monday, April 21st.

ADT Trading Up 0.4%

Shares of ADT stock opened at $8.33 on Monday. The business’s fifty day moving average price is $7.90 and its 200 day moving average price is $7.57. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.44. The firm has a market capitalization of $6.97 billion, a PE ratio of 9.05 and a beta of 1.29. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT (NYSE:ADT) last announced its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. ADT’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, June 12th. ADT’s dividend payout ratio is presently 37.93%.

ADT 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.