ADT Inc. (NYSE:ADT - Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 23,550,000 shares, an increase of 16.9% from the September 15th total of 20,150,000 shares. Approximately 5.6% of the company's stock are sold short. Based on an average trading volume of 4,050,000 shares, the short-interest ratio is presently 5.8 days.
Separately, Royal Bank of Canada lowered their target price 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.
Check Out Our Latest Report on ADT
ADT traded up $0.14 on Wednesday, reaching $7.00. The company's stock had a trading volume of 3,848,417 shares, compared to its average volume of 4,916,236. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 9.89 and a beta of 1.53. ADT has a fifty-two week low of $5.53 and a fifty-two week high of $7.92. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The stock has a 50 day moving average of $7.19 and a two-hundred day moving average of $7.13.
ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. As a group, analysts forecast that ADT will post 0.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Friday, September 13th. ADT's payout ratio is 31.43%.
Several institutional investors and hedge funds have recently made changes to their positions in ADT. Acadian Asset Management LLC purchased a new position in ADT during the 2nd quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new position in shares of ADT in the 2nd quarter valued at $30,000. Raleigh Capital Management Inc. purchased a new stake in ADT in the 4th quarter valued at $36,000. Duncker Streett & Co. Inc. purchased a new stake in ADT in the 2nd quarter valued at $38,000. Finally, Diversify Advisory Services LLC acquired a new stake in ADT during the 2nd quarter worth $76,000. 87.22% of the stock is owned by hedge funds and other institutional investors.
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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