ADT Inc (ADT) Shares Bought by Channing Capital Management LLC

Channing Capital Management LLC lifted its position in shares of ADT Inc (NYSE:ADT) by 18.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,021,729 shares of the security and automation business’s stock after acquiring an additional 157,808 shares during the quarter. Channing Capital Management LLC’s holdings in ADT were worth $9,594,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Zweig DiMenna Associates LLC purchased a new stake in ADT in the 3rd quarter valued at approximately $2,817,000. Russell Investments Group Ltd. lifted its stake in ADT by 45.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 496,921 shares of the security and automation business’s stock valued at $4,269,000 after buying an additional 154,171 shares in the last quarter. Verition Fund Management LLC purchased a new stake in ADT in the 2nd quarter valued at approximately $885,000. Point72 Asset Management L.P. purchased a new stake in ADT in the 2nd quarter valued at approximately $1,022,000. Finally, Miller Value Partners LLC purchased a new stake in ADT in the 2nd quarter valued at approximately $55,009,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of ADT opened at $7.74 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 2.15. ADT Inc has a fifty-two week low of $6.93 and a fifty-two week high of $13.02.

ADT (NYSE:ADT) last issued its quarterly earnings results on Wednesday, November 7th. The security and automation business reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.28). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. ADT had a net margin of 3.95% and a negative return on equity of 3.76%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) earnings per share. Analysts predict that ADT Inc will post 0.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 14th will be issued a $0.035 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.14 annualized dividend and a yield of 1.81%. ADT’s dividend payout ratio (DPR) is presently -40.00%.

A number of research firms recently issued reports on ADT. Zacks Investment Research raised ADT from a “strong sell” rating to a “hold” rating in a research note on Monday, November 12th. Royal Bank of Canada began coverage on ADT in a research note on Monday, November 19th. They issued an “outperform” rating and a $12.00 target price on the stock. ValuEngine raised ADT from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Credit Suisse Group began coverage on ADT in a research note on Friday, August 10th. They issued an “outperform” rating and a $12.50 target price on the stock. Finally, Barclays reduced their target price on ADT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, August 9th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $13.30.

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ADT Company Profile

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.

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Institutional Ownership by Quarter for ADT (NYSE:ADT)

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