Pallas Capital Advisors LLC Has $1.10 Million Stock Position in ADT Inc. (NYSE:ADT)

Pallas Capital Advisors LLC grew its position in ADT Inc. (NYSE:ADT - Free Report) by 120.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 135,067 shares of the security and automation business's stock after purchasing an additional 73,748 shares during the period. Pallas Capital Advisors LLC's holdings in ADT were worth $1,099,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in ADT by 20.6% during the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock valued at $307,876,000 after buying an additional 7,610,709 shares during the period. Norges Bank purchased a new position in ADT during the fourth quarter worth approximately $153,824,000. Dimensional Fund Advisors LP increased its holdings in shares of ADT by 31.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business's stock worth $148,246,000 after buying an additional 5,089,056 shares during the last quarter. LSV Asset Management raised its stake in shares of ADT by 5.1% in the 4th quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business's stock valued at $74,927,000 after acquiring an additional 523,333 shares during the period. Finally, Zimmer Partners LP acquired a new stake in shares of ADT during the fourth quarter worth about $48,687,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $8.27, for a total transaction of $372,150,000.00. Following the transaction, the insider now directly owns 183,650,366 shares in the company, valued at $1,518,788,526.82. The trade was a 19.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.70% of the company's stock.

ADT Price Performance

ADT stock traded up $0.09 during mid-day trading on Thursday, hitting $8.26. The company's stock had a trading volume of 3,062,317 shares, compared to its average volume of 10,101,182. The stock has a market capitalization of $6.91 billion, a P/E ratio of 8.98 and a beta of 1.23. 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 stock's fifty day moving average price is $8.14 and its two-hundred day moving average price is $7.70. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.72.

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

ADT Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have issued reports on ADT. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st.

ADT Company 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.