State of New Jersey Common Pension Fund D Acquires New Position in ADT Inc. $ADT

State of New Jersey Common Pension Fund D bought a new position in shares of ADT Inc. (NYSE:ADT) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 246,188 shares of the security and automation business’s stock, valued at approximately $2,144,000.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on ADT. Morgan Stanley decreased their price objective on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Wall Street Zen cut shares of ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. Finally, Zacks Research upgraded ADT from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.25.

ADT Stock Down 2.1%

Shares of NYSE:ADT opened at $7.75 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 11.22 and a beta of 0.98. The stock’s 50-day moving average price is $8.04 and its two-hundred day moving average price is $8.33. ADT Inc. has a 12-month low of $7.28 and a 12-month high of $8.94.

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.