Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of ADTRAN, Inc. (NASDAQ:ADTN) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 250,946 shares of the communications equipment provider’s stock after selling 18,212 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.52% of ADTRAN worth $4,856,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in ADTN. TIAA CREF Investment Management LLC lifted its stake in ADTRAN by 18.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 160,262 shares of the communications equipment provider’s stock valued at $3,309,000 after acquiring an additional 25,056 shares during the period. Northern Trust Corp lifted its stake in ADTRAN by 37.1% during the 2nd quarter. Northern Trust Corp now owns 914,639 shares of the communications equipment provider’s stock valued at $18,886,000 after acquiring an additional 247,413 shares during the period. FMR LLC lifted its stake in ADTRAN by 167.6% during the 2nd quarter. FMR LLC now owns 390,801 shares of the communications equipment provider’s stock valued at $8,070,000 after acquiring an additional 244,770 shares during the period. Parametric Portfolio Associates LLC lifted its stake in ADTRAN by 2.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 155,023 shares of the communications equipment provider’s stock valued at $3,201,000 after acquiring an additional 3,076 shares during the period. Finally, Voya Investment Management LLC lifted its stake in ADTRAN by 11.1% during the 2nd quarter. Voya Investment Management LLC now owns 24,092 shares of the communications equipment provider’s stock valued at $497,000 after acquiring an additional 2,416 shares during the period. 89.94% of the stock is currently owned by institutional investors.
ADTRAN, Inc. (NASDAQ:ADTN) opened at $16.28 on Thursday. The company has a quick ratio of 2.79, a current ratio of 3.98 and a debt-to-equity ratio of 0.05. ADTRAN, Inc. has a 12 month low of $15.65 and a 12 month high of $25.10. The stock has a market cap of $789.65, a price-to-earnings ratio of 20.25, a P/E/G ratio of 3.42 and a beta of 0.57.
ADTRAN (NASDAQ:ADTN) last posted its earnings results on Tuesday, January 16th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. ADTRAN had a net margin of 3.58% and a return on equity of 7.95%. The firm had revenue of $126.52 million during the quarter, compared to analysts’ expectations of $125.90 million. research analysts anticipate that ADTRAN, Inc. will post 0.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Tuesday, January 30th. ADTRAN’s dividend payout ratio is currently 72.00%.
Several analysts have commented on ADTN shares. BidaskClub cut shares of ADTRAN from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Needham & Company LLC restated a “buy” rating and set a $22.00 price objective (down from $26.00) on shares of ADTRAN in a research note on Friday, January 12th. MKM Partners decreased their price objective on shares of ADTRAN from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, December 29th. Zacks Investment Research cut shares of ADTRAN from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, TheStreet cut shares of ADTRAN from a “b” rating to a “c+” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $21.41.
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ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.
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