Thrivent Financial for Lutherans Purchases 1,307,288 Shares of ADT Inc. $ADT

Thrivent Financial for Lutherans raised its position in ADT Inc. (NYSE:ADT) by 840.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,462,816 shares of the security and automation business’s stock after purchasing an additional 1,307,288 shares during the period. Thrivent Financial for Lutherans owned 0.18% of ADT worth $12,741,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Lingohr Asset Management GmbH bought a new position in ADT during the third quarter worth $4,564,000. Arizona State Retirement System boosted its position in ADT by 20.1% during the third quarter. Arizona State Retirement System now owns 138,800 shares of the security and automation business’s stock valued at $1,209,000 after acquiring an additional 23,196 shares during the last quarter. Knights of Columbus Asset Advisors LLC acquired a new stake in ADT during the 3rd quarter worth about $4,384,000. SYM FINANCIAL Corp acquired a new stake in ADT during the 3rd quarter worth about $155,000. Finally, Great Lakes Advisors LLC bought a new position in shares of ADT in the 3rd quarter worth about $258,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of ADT in a research report on Monday, December 29th. Zacks Research cut ADT from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. Morgan Stanley reduced their price objective on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Finally, Wall Street Zen lowered shares of ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ADT currently has a consensus rating of “Hold” and a consensus target price of $9.25.

ADT Trading Down 0.1%

Shares of ADT stock opened at $7.76 on Thursday. The stock has a market capitalization of $6.36 billion, a PE ratio of 11.25 and a beta of 0.98. ADT Inc. has a 52 week low of $7.28 and a 52 week high of $8.94. The stock has a 50 day moving average price of $8.10 and a two-hundred day moving average price of $8.38. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.54 and a current ratio of 0.67.

ADT (NYSE:ADT) last issued its earnings results on Tuesday, November 4th. The security and automation business reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. ADT had a return on equity of 18.96% and a net margin of 12.52%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. ADT’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Company Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.