Mork Capital Management LLC Takes $992,000 Position in ADT Inc. (NYSE:ADT)

Mork Capital Management LLC purchased a new position in ADT Inc. (NYSE:ADT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 143,500 shares of the security and automation business's stock, valued at approximately $992,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of ADT in the fourth quarter valued at about $62,000. Chicago Partners Investment Group LLC acquired a new position in shares of ADT in the fourth quarter valued at about $74,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ADT in the fourth quarter valued at about $73,000. Magnetar Financial LLC acquired a new position in shares of ADT in the fourth quarter valued at about $73,000. Finally, Federated Hermes Inc. increased its holdings in shares of ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after purchasing an additional 1,449 shares during the period. Hedge funds and other institutional investors own 87.22% of the company's stock.

ADT Stock Performance

ADT stock traded up $0.13 during midday trading on Friday, hitting $8.60. 16,530,939 shares of the company were exchanged, compared to its average volume of 8,949,567. The firm has a market capitalization of $7.19 billion, a PE ratio of 9.35 and a beta of 1.29. ADT Inc. has a fifty-two week low of $6.53 and a fifty-two week high of $8.71. The business has a fifty day simple moving average of $7.98 and a two-hundred day simple moving average of $7.60. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, topping 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 return on equity of 17.77% and a net margin of 18.18%. ADT's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. On average, sell-side analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The business 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. This represents a $0.22 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, June 12th. ADT's dividend payout ratio (DPR) is 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 that occurred 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ADT has been the topic of a number of research reports. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $7.00 to $9.00 in a report on Friday, April 4th. Royal Bank of Canada reissued a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a report on Monday, April 21st.

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.