American Century Companies Inc. Purchases 83,689 Shares of ADT Inc. (NYSE:ADT)

American Century Companies Inc. increased its position in ADT Inc. (NYSE:ADT) by 96.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 170,768 shares of the security and automation business’s stock after buying an additional 83,689 shares during the period. American Century Companies Inc.’s holdings in ADT were worth $1,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ADT in the 4th quarter worth approximately $73,000. Magnetar Financial LLC bought a new stake in shares of ADT during the 4th quarter worth $73,000. Chicago Partners Investment Group LLC acquired a new position in ADT in the 4th quarter valued at $74,000. Claro Advisors LLC bought a new position in ADT in the 4th quarter worth $88,000. Finally, Sciencast Management LP acquired a new position in ADT during the 4th quarter worth $100,000. Institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ADT. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $7.00 to $9.00 in a research note on Friday, April 4th. Morgan Stanley upped their price target on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th.

ADT Price Performance

Shares of NYSE:ADT opened at $7.71 on Friday. The firm has a market capitalization of $6.75 billion, a PE ratio of 8.38 and a beta of 1.42. 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 1-year low of $6.10 and a 1-year high of $8.39. The business’s 50 day moving average is $7.73 and its 200-day moving average is $7.43.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Thursday, March 13th. ADT’s dividend payout ratio is 41.51%.

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.