Shares of ADT Inc. (NYSE:ADT - Get Free Report) saw an uptick in trading volume on Tuesday . 8,942,618 shares were traded during mid-day trading, a decline of 6% from the previous session's volume of 9,514,030 shares.The stock last traded at $8.46 and had previously closed at $8.55.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on ADT shares. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price target on shares of ADT in a report on Monday, April 21st. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $7.00 to $9.00 in a report on Friday, April 4th.
Check Out Our Latest Report on ADT
ADT Stock Performance
The business's fifty day moving average price is $8.13 and its two-hundred day moving average price is $7.68. 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 stock has a market capitalization of $6.91 billion, a P/E ratio of 8.97 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 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $0.16 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast 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 Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, June 12th. ADT's dividend payout ratio (DPR) is currently 37.93%.
Insider Buying and Selling
In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $8.02, for a total value of $401,000,000.00. Following the completion of the sale, the insider now owns 228,650,366 shares in the company, valued at approximately $1,833,775,935.32. The trade was a 17.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by corporate insiders.
Institutional Trading of ADT
A number of large investors have recently modified their holdings of ADT. SG Americas Securities LLC purchased a new stake in shares of ADT in the fourth quarter valued at approximately $302,000. Janney Montgomery Scott LLC lifted its position in shares of ADT by 46.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock worth $904,000 after purchasing an additional 41,682 shares during the period. KBC Group NV boosted its stake in shares of ADT by 48.9% during the fourth quarter. KBC Group NV now owns 15,754 shares of the security and automation business's stock valued at $109,000 after purchasing an additional 5,177 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of ADT during the fourth quarter valued at approximately $290,000. Finally, Chicago Partners Investment Group LLC purchased a new position in ADT during the fourth quarter valued at approximately $74,000. Hedge funds and other institutional investors own 87.22% of the company's stock.
ADT Company Profile
(
Get 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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