Lonestar Capital Management LLC Sells 134,000 Shares of ADT Inc. (NYSE:ADT)

Lonestar Capital Management LLC trimmed its stake in ADT Inc. (NYSE:ADT - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 667,000 shares of the security and automation business's stock after selling 134,000 shares during the period. ADT makes up approximately 1.7% of Lonestar Capital Management LLC's portfolio, making the stock its 11th biggest holding. Lonestar Capital Management LLC owned approximately 0.07% of ADT worth $4,609,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of ADT during the 4th quarter valued at about $62,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ADT during the fourth quarter valued at approximately $73,000. Magnetar Financial LLC purchased a new position in shares of ADT during the fourth quarter worth approximately $73,000. Federated Hermes Inc. lifted its holdings in shares of ADT by 15.8% in the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after acquiring an additional 1,449 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of ADT in the 4th quarter valued at $74,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Trading Up 1.6 %

NYSE:ADT traded up $0.13 during midday trading on Friday, reaching $8.14. 14,456,400 shares of the stock traded hands, compared to its average volume of 8,227,229. The stock has a market capitalization of $7.13 billion, a P/E ratio of 8.85 and a beta of 1.29. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.39. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The company has a fifty day moving average of $7.86 and a 200 day moving average of $7.52.

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

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.70%. ADT's dividend payout ratio is presently 37.93%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $9.00 target price on shares of ADT in a research report on Monday, April 21st. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $7.00 to $9.00 in a research note on Friday, April 4th.

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.