ADT Inc. (NYSE:ADT – Get Rating) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 8,030,000 shares, a drop of 41.2% from the July 31st total of 13,660,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.5% of the shares of the company are sold short.
Institutional Investors Weigh In On ADT
Several large investors have recently modified their holdings of ADT. Teacher Retirement System of Texas increased its position in shares of ADT by 6.0% in the first quarter. Teacher Retirement System of Texas now owns 31,452 shares of the security and automation business’s stock worth $239,000 after acquiring an additional 1,793 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in ADT by 12.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,908 shares of the security and automation business’s stock worth $151,000 after purchasing an additional 2,010 shares during the period. CIBC Asset Management Inc grew its position in ADT by 7.3% during the 4th quarter. CIBC Asset Management Inc now owns 33,540 shares of the security and automation business’s stock worth $282,000 after purchasing an additional 2,287 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in ADT by 13.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 22,214 shares of the security and automation business’s stock valued at $176,000 after purchasing an additional 2,584 shares during the period. Finally, Utah Retirement Systems lifted its holdings in shares of ADT by 9.1% in the second quarter. Utah Retirement Systems now owns 31,200 shares of the security and automation business’s stock valued at $192,000 after purchasing an additional 2,600 shares in the last quarter. 91.07% of the stock is owned by institutional investors.
ADT Price Performance
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Shares of ADT stock traded down $0.26 on Friday, hitting $7.56. The company had a trading volume of 974,743 shares, compared to its average volume of 2,157,012. ADT has a 52 week low of $6.00 and a 52 week high of $10.39. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.50 and a quick ratio of 0.33. The company has a market cap of $6.89 billion, a PE ratio of -189.00 and a beta of 2.01. The business has a 50-day simple moving average of $7.12 and a 200-day simple moving average of $7.21.
ADT (NYSE:ADT – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The security and automation business reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. ADT had a negative net margin of 0.39% and a negative return on equity of 2.18%. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) earnings per share. Research analysts expect that ADT will post 0.1 EPS for the current fiscal year.
ADT Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Thursday, September 15th will be issued a $0.035 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.14 annualized dividend and a dividend yield of 1.85%. ADT’s dividend payout ratio is currently -350.00%.
Analyst Ratings Changes
Separately, Morgan Stanley cut their target price on shares of ADT from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 20th.
ADT Company Profile
ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies, such as injuries, medical emergencies, or incapacitation.
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