ADT Inc. (NYSE:ADT) Short Interest Update

ADT Inc. (NYSE:ADT) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 23,550,000 shares, a growth of 16.9% from the September 15th total of 20,150,000 shares. Based on an average daily volume of 4,050,000 shares, the short-interest ratio is currently 5.8 days. Approximately 5.6% of the company’s stock are short sold.

ADT Stock Performance

ADT stock traded up $0.14 during trading hours on Wednesday, reaching $7.00. 3,848,005 shares of the company were exchanged, compared to its average volume of 4,916,236. 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 has a 12 month low of $5.53 and a 12 month high of $7.92. The stock has a 50-day moving average of $7.19 and a 200 day moving average of $7.13. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 9.89 and a beta of 1.53.

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

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, September 13th. ADT’s dividend payout ratio is presently 31.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in shares of ADT by 31.4% in the 1st quarter. Nordea Investment Management AB now owns 1,297,954 shares of the security and automation business’s stock valued at $8,703,000 after buying an additional 310,406 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in ADT during the first quarter valued at approximately $1,017,000. Quantbot Technologies LP grew its stake in shares of ADT by 452.9% in the 1st quarter. Quantbot Technologies LP now owns 179,036 shares of the security and automation business’s stock valued at $1,203,000 after purchasing an additional 146,657 shares during the period. Vanguard Group Inc. raised its holdings in shares of ADT by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock worth $237,930,000 after buying an additional 3,427,575 shares in the last quarter. Finally, Boston Partners lifted its position in shares of ADT by 246.8% during the 1st quarter. Boston Partners now owns 192,468 shares of the security and automation business’s stock worth $1,293,000 after buying an additional 136,977 shares during the period. 87.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their price objective 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.

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.