ADT Inc. (NYSE:ADT) Short Interest Update

ADT Inc. (NYSE:ADT) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 14,970,000 shares, a decline of 10.2% from the July 31st total of 16,670,000 shares. Based on an average daily volume of 5,120,000 shares, the short-interest ratio is currently 2.9 days. Approximately 3.6% of the company’s shares are sold short.

Institutional Investors Weigh In On ADT

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in shares of ADT in the second quarter worth about $26,000. Altshuler Shaham Ltd acquired a new position in ADT during the 2nd quarter worth approximately $30,000. Raleigh Capital Management Inc. purchased a new position in ADT in the 4th quarter worth approximately $36,000. Duncker Streett & Co. Inc. acquired a new stake in ADT in the second quarter valued at approximately $38,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of ADT during the second quarter valued at approximately $76,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ADT Trading Down 1.0 %

Shares of ADT traded down $0.07 during mid-day trading on Monday, reaching $7.29. The company had a trading volume of 2,605,800 shares, compared to its average volume of 5,007,513. ADT has a fifty-two week low of $5.53 and a fifty-two week high of $7.92. The firm has a fifty day simple moving average of $7.44 and a 200-day simple moving average of $7.05. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 10.41 and a beta of 1.59. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98.

ADT (NYSE:ADT) last issued its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. On average, sell-side analysts anticipate that ADT will post 0.62 EPS for the current fiscal year.

ADT Announces Dividend

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