Neo Ivy Capital Management Makes New $1.42 Million Investment in ADT Inc. $ADT

Neo Ivy Capital Management purchased a new position in ADT Inc. (NYSE:ADT) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 167,036 shares of the security and automation business’s stock, valued at approximately $1,415,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allianz Asset Management GmbH raised its holdings in ADT by 2,089.4% during the second quarter. Allianz Asset Management GmbH now owns 14,638,575 shares of the security and automation business’s stock worth $123,989,000 after purchasing an additional 13,969,976 shares in the last quarter. LSV Asset Management increased its position in shares of ADT by 97.1% during the 2nd quarter. LSV Asset Management now owns 24,727,193 shares of the security and automation business’s stock valued at $209,439,000 after purchasing an additional 12,182,009 shares during the period. Millennium Management LLC raised its stake in shares of ADT by 668.5% in the 1st quarter. Millennium Management LLC now owns 7,504,051 shares of the security and automation business’s stock worth $61,083,000 after buying an additional 6,527,539 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of ADT by 86.6% in the 1st quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business’s stock worth $105,543,000 after buying an additional 6,089,671 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of ADT by 11.6% in the first quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock valued at $404,688,000 after buying an additional 5,160,835 shares during the period. 87.22% of the stock is currently owned by institutional investors.

ADT Trading Down 0.7%

Shares of ADT opened at $7.81 on Friday. The business’s 50-day moving average price is $8.53 and its 200 day moving average price is $8.48. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $6.40 billion, a P/E ratio of 11.31 and a beta of 1.00. ADT Inc. has a 1-year low of $6.71 and a 1-year high of $8.94.

ADT (NYSE:ADT) last posted its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. The firm had revenue of $1.31 billion for the quarter. Analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.22 dividend on an annualized basis and a yield of 2.8%. ADT’s dividend payout ratio (DPR) is currently 31.88%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research lowered shares of ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ADT in a research note on Wednesday. Morgan Stanley boosted their target price on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Finally, Citigroup increased their target price on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.38.

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.