Kennedy Investment Group Has $204,000 Stake in ADT Inc. (NYSE:ADT)

Kennedy Investment Group reduced its stake in ADT Inc. (NYSE:ADT) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,540 shares of the security and automation business’s stock after selling 3,311 shares during the period. Kennedy Investment Group’s holdings in ADT were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in ADT by 84.8% during the second quarter. American Century Companies Inc. now owns 93,573 shares of the security and automation business’s stock worth $711,000 after purchasing an additional 42,926 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in ADT by 19.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,546 shares of the security and automation business’s stock worth $156,000 after purchasing an additional 3,311 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of ADT by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 170,883 shares of the security and automation business’s stock worth $1,299,000 after buying an additional 6,078 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of ADT by 10.8% during the second quarter. Mackenzie Financial Corp now owns 1,459,785 shares of the security and automation business’s stock worth $11,094,000 after buying an additional 142,012 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of ADT during the second quarter worth $2,404,000. 87.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADT. The Goldman Sachs Group upped their price target on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada increased their price objective on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Finally, Morgan Stanley increased their price objective on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th.

ADT Stock Performance

Shares of ADT stock opened at $7.57 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The business has a 50-day moving average price of $7.24 and a two-hundred day moving average price of $7.29. ADT Inc. has a 1-year low of $6.10 and a 1-year high of $8.25. The company has a market cap of $6.86 billion, a P/E ratio of 8.22 and a beta of 1.51.

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.