Heartland Advisors Inc. Purchases New Position in ADT Inc. $ADT

Heartland Advisors Inc. purchased a new position in ADT Inc. (NYSE:ADT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 721,918 shares of the security and automation business’s stock, valued at approximately $6,288,000.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in ADT during the 3rd quarter valued at approximately $25,000. Quent Capital LLC bought a new stake in ADT in the third quarter worth $28,000. WPG Advisers LLC raised its holdings in ADT by 54.3% in the 3rd quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock worth $36,000 after acquiring an additional 1,440 shares during the last quarter. Osaic Holdings Inc. raised its holdings in ADT by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,240 shares during the period. Finally, Bfsg LLC raised its stake in shares of ADT by 400.0% in the third quarter. Bfsg LLC now owns 5,000 shares of the security and automation business’s stock worth $44,000 after buying an additional 4,000 shares during the period. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Trading Up 0.1%

ADT stock opened at $7.75 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99. The company has a market cap of $6.35 billion, a P/E ratio of 11.23 and a beta of 0.98. The business has a fifty day moving average of $8.06 and a 200-day moving average of $8.35. ADT Inc. has a twelve month low of $7.28 and a twelve month high of $8.94.

Analysts Set New Price Targets

ADT has been the topic of a number of research reports. Wall Street Zen downgraded shares of ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. Morgan Stanley reduced their target price on ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, Zacks Research raised shares of ADT from a “strong sell” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.25.

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.