ADT Inc. (NYSE:ADT) Short Interest Update

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

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered their price target on ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd.

Institutional Investors Weigh In On ADT

Several large investors have recently made changes to their positions in ADT. TFO Wealth Partners LLC grew its position in ADT by 10,738.7% in the fourth quarter. TFO Wealth Partners LLC now owns 3,360 shares of the security and automation business’s stock worth $211,000 after acquiring an additional 3,329 shares in the last quarter. Acadian Asset Management LLC bought a new stake in ADT in the second quarter worth $26,000. Altshuler Shaham Ltd acquired a new position in ADT during the second quarter worth $30,000. Duncker Streett & Co. Inc. bought a new position in ADT during the second quarter valued at about $38,000. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of ADT in the fourth quarter worth about $36,000. Institutional investors own 87.22% of the company’s stock.

ADT Stock Up 1.5 %

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

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. ADT had a net margin of 13.83% and a return on equity of 15.45%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the company posted $0.15 EPS. ADT’s revenue was up 3.2% on a year-over-year basis. As a group, analysts forecast that ADT will post 0.62 EPS for the current fiscal year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.22 annualized dividend and a dividend yield of 3.02%. ADT’s dividend payout ratio is 31.43%.

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.