Partners Group Holding AG Sells 611,799 Shares of ADT Inc. (NYSE:ADT)

Partners Group Holding AG decreased its holdings in shares of ADT Inc. (NYSE:ADT) by 13.2% in the fourth quarter, Holdings Channel reports. The firm owned 4,015,484 shares of the security and automation business’s stock after selling 611,799 shares during the quarter. ADT comprises about 1.0% of Partners Group Holding AG’s portfolio, making the stock its 24th biggest holding. Partners Group Holding AG’s holdings in ADT were worth $27,747,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of ADT by 35.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after buying an additional 1,543,677 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of ADT by 911.6% during the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock valued at $1,416,000 after acquiring an additional 176,454 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of ADT by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock valued at $3,505,000 after purchasing an additional 100,134 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ADT by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business’s stock worth $36,341,000 after purchasing an additional 609,842 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of ADT by 46.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business’s stock worth $904,000 after purchasing an additional 41,682 shares in the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Stock Performance

ADT stock opened at $7.74 on Friday. The stock has a 50-day simple moving average of $7.53 and a 200 day simple moving average of $7.34. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 8.41 and a beta of 1.58. The company has a quick ratio of 0.64, a current ratio of 0.81 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 $8.39.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.84%. ADT’s payout ratio is 41.51%.

Analyst Ratings Changes

ADT has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 target price on shares of ADT in a report on Wednesday, January 29th.

ADT Company 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.