The Vanguard Group, Inc. recently announced the acquisition of new stake in ADT Inc (NYSE:ADT). The institutional investor has increased its shareholding in the Industrials company by 0.48% to 31.58 million shares with purchase of 0.15 million shares. This fresh investment now brings its stake to 3.64% valued currently at $185.35 million. In addition, Ariel Investments LLC raised its holdings by 1.13 million to 22.43 million shares. And AllianceBernstein LP has lifted its position by 1.80% or 0.29 million shares – to 16.4 million shares.
With over 4.98 million ADT Inc (ADT) shares trading Tuesday and a closing price of $7.01 on the day, the dollar volume was approximately $34.91 million. The shares have shown a positive half year performance of 13.98% and its price on 01/02/24 gained nearly 2.79%. Currently, there are 862.10M common shares owned by the public and among those 317.66M shares have been available to trade.
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Insiders at the company have transacted a total of 109 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 76 of these insider trades were purchases, accounting for 2,691,796 shares. Insider sales of the common stock occurred on 33 occasions, with total insider shares sold totaling 1,416,503 shares.
The top 3 mutual fund holders in ADT Inc are Pacer Fds. Tr. – US Cash Cows 100, Ariel Fund, and Vanguard Total Stock Market ETF. Pacer Fds. Tr. – US Cash Cows 100 owns 14.36 million shares of the company’s stock, all valued at over $84.32 million. The company bought an additional 4220.0 shares recently to bring their total holdings to about 1.66% of the shares outstanding. Ariel Fund bought 2.29 million shares to see its total holdings expand to 11.63 million shares valued at over $68.29 million and representing 1.34% of the shares outstanding. Vanguard Total Stock Market ETF bought 18361.0 shares to bring its total holdings to over 11.03 million shares at a value of $64.74 million. Vanguard Total Stock Market ETF now owns shares totaling to 1.27% of the shares outstanding.
Shares of ADT Inc (NYSE: ADT) opened at $6.75, down -$0.07 from a prior closing price of $6.82. However, the script later moved the day high at 7.04, up 2.79%. The company’s stock has a 5-day price change of 5.26% and 16.45% over the past three months. ADT shares are trading 2.79% year to date (YTD), with the 12-month market performance down to -23.89% lower. It has a 12-month low price of $4.89 and touched a high of $9.84 over the same period. ADT has an average intraday trading volume of 2.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.97%, 12.96%, and 11.40% respectively.
Institutional ownership of ADT Inc (NYSE: ADT) shares accounts for 32.85% of the company’s 862.10M shares outstanding. Mutual fund holders own 22.21%, while other institutional holders and individual stakeholders account for 78.13% and 12.78% respectively.
It has a market capitalization of $6.46B and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 215.03, while the earnings-per-share (ttm) stands at $0.03. The company has a PEG of 55.14 and a Quick Ratio of 0.63 with the debt-to-equity ratio at 3.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.10% over the week and 3.49% over the month.
Analysts forecast that ADT Inc (ADT) will achieve an EPS of $Medtronic plc. for the current quarter, $82.84 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Abbott Laboratories while analysts give the company a high EPS estimate of $Aditxt, Inc.. Comparatively, EPS for the current quarter was $Archer-Daniels-Midland Company a year ago. Earnings per share for the fiscal year are expected to increase by 112.50%, and -9.80% over the next financial year. EPS should grow at an annualized rate of 3.90% over the next five years, compared to -19.04% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate ADT Inc (ADT) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 2 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ADT, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on December 01, 2022, with the firm’s price target at $11.
