Neo Ivy Capital Management Purchases New Position in ADT Inc. (NYSE:ADT)

Neo Ivy Capital Management acquired a new stake in shares of ADT Inc. (NYSE:ADT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 536,796 shares of the security and automation business's stock, valued at approximately $3,709,000. Neo Ivy Capital Management owned 0.06% of ADT as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADT. Merit Financial Group LLC purchased a new position in ADT during the fourth quarter worth about $181,000. Crossmark Global Holdings Inc. purchased a new position in shares of ADT in the 4th quarter worth about $1,087,000. SG Americas Securities LLC bought a new stake in shares of ADT in the 4th quarter valued at about $302,000. Janney Montgomery Scott LLC lifted its stake in shares of ADT by 46.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock valued at $904,000 after acquiring an additional 41,682 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of ADT by 61.2% in the 4th quarter. Sound Income Strategies LLC now owns 572,561 shares of the security and automation business's stock valued at $3,956,000 after acquiring an additional 217,377 shares during the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ADT. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st.

Insider Buying and Selling

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the sale, the insider now directly owns 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. The trade was a 17.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by insiders.

ADT Stock Up 0.8%

Shares of NYSE:ADT traded up $0.07 during trading on Tuesday, hitting $8.29. The stock had a trading volume of 15,703,122 shares, compared to its average volume of 14,956,941. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $6.93 billion, a PE ratio of 9.01 and a beta of 1.29. The firm's fifty day moving average is $8.08 and its 200 day moving average is $7.64. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.70.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a $0.055 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.66%. ADT's dividend payout ratio (DPR) is currently 37.93%.

About ADT

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.