ADT Inc. (NYSE:ADT - Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 37,650,000 shares, a growth of 39.3% from the April 30th total of 27,020,000 shares. Based on an average trading volume of 19,750,000 shares, the short-interest ratio is presently 1.9 days. Currently, 7.0% of the company's stock are sold short.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a research report on Monday, April 21st. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $7.00 to $9.00 in a report on Friday, April 4th.
Check Out Our Latest Stock Analysis on ADT
ADT Stock Performance
NYSE:ADT traded up $0.05 during mid-day trading on Tuesday, reaching $8.60. 33,614,169 shares of the company's stock were exchanged, compared to its average volume of 9,607,539. ADT has a one year low of $6.53 and a one year high of $8.71. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The business's fifty day simple moving average is $8.11 and its two-hundred day simple moving average is $7.67. The firm has a market capitalization of $7.19 billion, a PE ratio of 9.34 and a beta of 1.29.
ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business earned $0.16 earnings per share. The firm's quarterly revenue was up 6.5% on a year-over-year basis. Analysts anticipate that ADT will post 0.7 earnings per share for the current fiscal year.
ADT Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.56%. ADT's payout ratio is 37.93%.
Insider Activity at ADT
In other news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of ADT stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $8.02, for a total value of $401,000,000.00. Following the completion of the transaction, the insider now owns 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. This trade represents a 17.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On ADT
Hedge funds have recently bought and sold shares of the company. Atria Investments Inc boosted its position in shares of ADT by 9.9% during the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business's stock worth $104,000 after acquiring an additional 1,358 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of ADT by 5.2% during the 1st quarter. Forum Financial Management LP now owns 29,446 shares of the security and automation business's stock worth $240,000 after buying an additional 1,445 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of ADT by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after buying an additional 1,449 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in ADT by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business's stock valued at $356,000 after acquiring an additional 1,769 shares during the last quarter. Finally, Highland Capital Management LLC raised its stake in ADT by 6.5% during the fourth quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business's stock worth $204,000 after acquiring an additional 1,810 shares in the last quarter. 87.22% of the stock is owned by institutional investors.
About ADT
(
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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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