TFB Advisors LLC Takes $376,000 Position in ADT Inc. (NYSE:ADT)

TFB Advisors LLC purchased a new stake in shares of ADT Inc. (NYSE:ADT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,346 shares of the security and automation business’s stock, valued at approximately $376,000.

A number of other hedge funds have also recently bought and sold shares of ADT. The Manufacturers Life Insurance Company lifted its stake in ADT by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock valued at $1,245,000 after acquiring an additional 1,343 shares during the last quarter. Highland Capital Management LLC raised its holdings in shares of ADT by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business’s stock valued at $204,000 after purchasing an additional 1,810 shares during the period. Sanctuary Advisors LLC lifted its stake in ADT by 10.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock valued at $164,000 after purchasing an additional 2,112 shares during the last quarter. New York State Teachers Retirement System grew its holdings in ADT by 12.9% during the third quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock worth $193,000 after purchasing an additional 3,054 shares during the period. Finally, KBC Group NV increased its position in ADT by 46.9% during the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after buying an additional 3,375 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors.

ADT Price Performance

ADT stock opened at $7.32 on Thursday. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 7.96 and a beta of 1.50. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 12 month low of $6.10 and a 12 month high of $8.25. The stock’s 50 day moving average is $7.24 and its 200-day moving average is $7.28.

Analysts Set New Price Targets

ADT has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 target price on shares of ADT in a research note on Wednesday, January 29th. The Goldman Sachs Group lifted their price objective on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Morgan Stanley upped their price objective on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th.

ADT Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.