ADT Inc. (NYSE:ADT – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 16,620,000 shares, a decline of 6.0% from the July 15th total of 17,680,000 shares. Approximately 5.3% of the shares of the company are short sold. Based on an average daily volume of 2,950,000 shares, the days-to-cover ratio is presently 5.6 days.
ADT Stock Performance
Shares of NYSE ADT opened at $6.44 on Thursday. The business’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $6.76. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.67 and a quick ratio of 0.51. ADT has a one year low of $4.89 and a one year high of $10.10. The company has a market capitalization of $5.93 billion, a P/E ratio of 214.50 and a beta of 1.71.
ADT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.14 annualized dividend and a dividend yield of 2.18%. ADT’s dividend payout ratio (DPR) is presently 466.67%.
Institutional Trading of ADT
Several large investors have recently made changes to their positions in ADT. Tower Research Capital LLC TRC lifted its position in shares of ADT by 364.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,060 shares of the security and automation business’s stock worth $30,000 after purchasing an additional 3,186 shares during the last quarter. New York State Teachers Retirement System acquired a new position in ADT in the 1st quarter valued at approximately $33,000. National Bank of Canada FI raised its holdings in ADT by 88.3% in the 2nd quarter. National Bank of Canada FI now owns 6,226 shares of the security and automation business’s stock valued at $37,000 after acquiring an additional 2,920 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in ADT in the 2nd quarter valued at approximately $60,000. Finally, Seven Eight Capital LP acquired a new position in ADT in the 1st quarter valued at approximately $81,000. Institutional investors own 85.73% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Citigroup dropped their price objective on ADT from $11.00 to $9.00 in a research note on Wednesday, May 3rd. The Goldman Sachs Group dropped their price objective on ADT from $9.60 to $8.30 and set a “buy” rating on the stock in a research note on Wednesday, August 9th.
ADT Company Profile
ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. It operates through Consumer and Small Business, Commercial, and Solar segments. The company provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers.