Short Interest in ADT Inc. (NYSE:ADT) Expands By 12.4%

ADT Inc. (NYSE:ADTGet Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 11,970,000 shares, an increase 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 short sold.

Institutional Trading of ADT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB bought a new stake in shares of ADT in the fourth quarter valued at about $6,696,000. Deutsche Bank AG lifted its position in shares of ADT by 44.2% in the 3rd quarter. Deutsche Bank AG now owns 1,966,871 shares of the security and automation business’s stock worth $11,801,000 after acquiring an additional 602,704 shares during the period. Pacer Advisors Inc. grew its holdings in shares of ADT by 21.3% during the 4th quarter. Pacer Advisors Inc. now owns 15,627,166 shares of the security and automation business’s stock worth $106,577,000 after purchasing an additional 2,740,447 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of ADT by 11.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,972,786 shares of the security and automation business’s stock valued at $17,837,000 after purchasing an additional 304,754 shares during the period. Finally, Gotham Asset Management LLC raised its stake in shares of ADT by 69.6% in the third quarter. Gotham Asset Management LLC now owns 516,156 shares of the security and automation business’s stock valued at $3,097,000 after purchasing an additional 211,807 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on ADT

ADT Stock Performance

Shares of NYSE:ADT traded down $0.07 during trading on Friday, reaching $7.29. The stock had a trading volume of 3,463,808 shares, compared to its average volume of 3,606,040. The stock has a fifty day simple moving average of $6.88 and a two-hundred day simple moving average of $6.70. ADT has a 52 week low of $5.53 and a 52 week high of $7.61. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.41 and a beta of 1.57. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 2.03.

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

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, June 13th. ADT’s dividend payout ratio (DPR) is presently 31.43%.

About ADT

(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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