ADT Inc. (NYSE:ADT) Short Interest Update

ADT Inc. (NYSE:ADTGet Free Report) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 11,970,000 shares, a growth of 12.4% from the May 15th total of 10,650,000 shares. Based on an average daily trading volume, of 5,510,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.9% of the company’s stock are sold short.

ADT Stock Performance

Shares of NYSE ADT traded down $0.03 during midday trading on Tuesday, reaching $7.14. 1,501,714 shares of the company traded hands, compared to its average volume of 4,855,626. The stock has a 50-day moving average price of $6.89 and a 200 day moving average price of $6.71. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 10.21 and a beta of 1.57. ADT has a 52 week low of $5.53 and a 52 week high of $7.61. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.71 and a quick ratio of 0.56.

ADT (NYSE:ADTGet Free Report) last released its earnings results on Thursday, April 25th. The security and automation business reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. ADT had a return on equity of 15.98% and a net margin of 12.81%. ADT’s revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. Sell-side analysts anticipate that ADT will post 0.67 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 13th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, June 13th. ADT’s payout ratio is currently 31.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays decreased their price objective on shares of ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, March 22nd. The Goldman Sachs Group raised their target price on ADT from $7.50 to $8.30 and gave the company a “buy” rating in a research note on Thursday, February 29th.

View Our Latest Research Report on ADT

Hedge Funds Weigh In On ADT

Institutional investors have recently bought and sold shares of the stock. Raleigh Capital Management Inc. purchased a new position in ADT in the 4th quarter worth about $36,000. Tower Research Capital LLC TRC grew its stake in ADT by 1,185.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,772 shares of the security and automation business’s stock valued at $67,000 after acquiring an additional 9,012 shares in the last quarter. TFB Advisors LLC purchased a new position in ADT during the 1st quarter valued at about $77,000. Lazard Asset Management LLC grew its stake in ADT by 180.3% during the 1st quarter. Lazard Asset Management LLC now owns 12,308 shares of the security and automation business’s stock valued at $82,000 after acquiring an additional 7,917 shares in the last quarter. Finally, American Trust purchased a new position in ADT during the 4th quarter valued at about $91,000. 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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