Neo Ivy Capital Management Takes $3.71 Million Position in ADT Inc. (NYSE:ADT)

Neo Ivy Capital Management bought a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 536,796 shares of the security and automation business's stock, valued at approximately $3,709,000. Neo Ivy Capital Management owned approximately 0.06% of ADT as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sei Investments Co. grew its holdings in ADT by 1,132.1% during the fourth quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock worth $1,684,000 after purchasing an additional 223,922 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of ADT by 13.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after buying an additional 609,842 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake 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 acquiring an additional 41,682 shares during the period. Norges Bank bought a new position in shares of ADT during the 4th quarter worth approximately $153,824,000. Finally, Northern Trust Corp increased its holdings in shares of ADT by 22.0% during the 4th quarter. Northern Trust Corp now owns 2,192,589 shares of the security and automation business's stock worth $15,151,000 after acquiring an additional 394,794 shares during the last quarter. Institutional investors own 87.22% of the company's stock.

ADT Stock Performance

NYSE ADT traded down $0.03 during trading on Wednesday, reaching $8.27. The company's stock had a trading volume of 5,811,764 shares, compared to its average volume of 9,312,858. The firm has a 50 day moving average price of $8.09 and a 200 day moving average price of $7.64. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.71. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 8.99 and a beta of 1.29. 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 (NYSE:ADT - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the company posted $0.16 earnings per share. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

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

Insider Buying and Selling

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $8.02, for a total value of $401,000,000.00. Following the sale, the insider now owns 228,650,366 shares of the company's stock, valued at approximately $1,833,775,935.32. This trade represents a 17.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.