GSA Capital Partners LLP Grows Stock Position in ADT Inc. $ADT

GSA Capital Partners LLP grew its stake in ADT Inc. (NYSE:ADT) by 218.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,680 shares of the security and automation business’s stock after buying an additional 66,962 shares during the quarter. GSA Capital Partners LLP’s holdings in ADT were worth $851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in shares of ADT during the 3rd quarter worth approximately $450,000. Vanguard Group Inc. raised its position in shares of ADT by 42.7% in the third quarter. Vanguard Group Inc. now owns 64,858,510 shares of the security and automation business’s stock worth $564,918,000 after acquiring an additional 19,413,112 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of ADT by 56.4% during the 3rd quarter. Pallas Capital Advisors LLC now owns 251,585 shares of the security and automation business’s stock worth $2,191,000 after acquiring an additional 90,760 shares in the last quarter. Arnhold LLC grew its position in shares of ADT by 14.0% during the 3rd quarter. Arnhold LLC now owns 1,571,521 shares of the security and automation business’s stock valued at $13,688,000 after acquiring an additional 192,768 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of ADT by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 697,479 shares of the security and automation business’s stock valued at $6,076,000 after acquiring an additional 109,261 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ADT Stock Up 0.1%

Shares of ADT opened at $7.90 on Friday. The stock has a 50 day moving average price of $8.05 and a 200 day moving average price of $8.34. ADT Inc. has a one year low of $7.28 and a one year high of $8.94. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.54 and a current ratio of 0.67. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.44 and a beta of 0.98.

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.