ADT Inc. (NYSE:ADT) Brief Interest Update

ADT Inc. (NYSE:ADT – Get Free Report ) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 15,940,000 shares, up 6.5% from the August 15th total of 14,970,000 shares. Based on an average daily volume of 4,980,000 shares, the days-to-cover ratio is currently 3.2 days. About 3.8% of the company’s shares are short sold.

Analysts set new price targets

Separately, Royal Bank of Canada dropped their price objective on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd .

See our latest research report on ADT

Hedge funds influence ADT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in ADT by 21.5% in the 4th quarter. Victory Capital Management Inc. now owns 42,818 shares of the security and automation business’s stock valued at $292,000 after purchasing an additional 7,586 shares during the period. Charles Schwab Investment Management Inc. raised its stake in ADT by 13.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,358,277 shares of the security and automation business’s stock valued at $22,903,000 after acquiring an additional 385,491 shares during the period. BNP Paribas Financial Markets increased its position in ADT by 470.0% in the fourth quarter. BNP Paribas Financial Markets now owns 371,498 shares of the security and automation business’s stock worth $2,534,000 after acquiring an additional 306,319 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in ADT by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,587,542 shares of the security and automation business’s stock worth $51,748,000 after purchasing an additional 741,658 shares during the period. Finally, Boston Partners boosted its holdings in ADT by 21.7% during the fourth quarter. Boston Partners now owns 55,491 shares of the security and automation business’s stock valued at $378,000 after buying an additional 9,882 shares in the last quarter. 87.22% of the shares are currently held by institutional investors.

ADT stock performance

Shares of NYSE:ADT traded up $0.11 during midday trading on Wednesday, hitting $7.28. The company’s stock had a trading volume of 6,413,490 shares, compared to its average volume of 4,948,916. ADT has a fifty-two week low of $5.53 and a fifty-two week high of $7.92. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59, and a current ratio of 0.75. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 10.26 and a beta of 1.54. The stock’s 50-day simple moving average is $7.35 and its 200-day simple moving average is $7.07.

ADT (NYSE:ADT – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. ADT had a return on equity of 15.45% and a net margin of 13.83%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. In the same quarter last year, the firm posted EPS of $0.15. The company’s revenue rose 3.2% year-over-year. As a group, research analysts anticipate that ADT will post 0.62 earnings per share for the current year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a dividend of $0.055 per share. This represents a dividend of $0.22 on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, September 13. ADT’s dividend payout ratio (DPR) is currently 31.43%.

ADT Company Profile

(Get a free report)

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.

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