PARK CIRCLE Co Has $60,000 Stock Position in ADT Inc. $ADT

PARK CIRCLE Co lessened its stake in shares of ADT Inc. (NYSE:ADT) by 97.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,946 shares of the security and automation business’s stock after selling 261,000 shares during the period. PARK CIRCLE Co’s holdings in ADT were worth $60,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Lingohr Asset Management GmbH acquired a new stake in ADT during the third quarter valued at $4,564,000. Brighton Jones LLC increased its position in ADT by 259.0% in the 3rd quarter. Brighton Jones LLC now owns 202,940 shares of the security and automation business’s stock worth $1,768,000 after purchasing an additional 146,408 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of ADT by 6,218.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 161,194 shares of the security and automation business’s stock worth $1,404,000 after purchasing an additional 158,643 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of ADT by 325.0% during the 3rd quarter. Alps Advisors Inc. now owns 647,605 shares of the security and automation business’s stock valued at $5,641,000 after buying an additional 495,218 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of ADT by 27.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 879,338 shares of the security and automation business’s stock valued at $7,659,000 after buying an additional 191,139 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Stock Performance

NYSE:ADT opened at $7.74 on Tuesday. The firm has a market capitalization of $6.34 billion, a PE ratio of 11.21 and a beta of 0.98. ADT Inc. has a 1 year low of $7.28 and a 1 year high of $8.94. 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’s fifty day simple moving average is $8.07 and its 200 day simple moving average is $8.35.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ADT. Wall Street Zen lowered shares of ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley dropped their price target on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Zacks Research lowered shares of ADT from a “hold” rating to a “strong sell” rating in a research note on Friday, December 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ADT in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ADT has a consensus rating of “Hold” and an average target price of $9.25.

ADT 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.