ADT Inc. (NYSE:ADT – Get Free Report) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 12,410,000 shares, a decrease of 8.8% from the November 15th total of 13,610,000 shares. Based on an average daily volume of 2,270,000 shares, the days-to-cover ratio is presently 5.5 days. Approximately 3.9% of the company’s stock are sold short.
ADT Trading Up 0.9 %
NYSE:ADT opened at $6.88 on Friday. The stock has a fifty day moving average price of $6.14 and a two-hundred day moving average price of $6.17. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 98.30 and a beta of 1.63. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.63 and a current ratio of 0.72. ADT has a 1 year low of $4.89 and a 1 year high of $9.84.
ADT (NYSE:ADT – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The security and automation business reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.56 billion. ADT had a return on equity of 11.03% and a net margin of 1.10%. As a group, sell-side analysts anticipate that ADT will post 0.33 earnings per share for the current fiscal year.
ADT Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Thursday, December 14th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, December 13th. ADT’s dividend payout ratio is currently 200.03%.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price objective on shares of ADT in a report on Monday, September 25th.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its stake in shares of ADT by 4.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 41,850 shares of the security and automation business’s stock valued at $252,000 after acquiring an additional 1,728 shares during the last quarter. Sei Investments Co. boosted its stake in ADT by 13.9% in the 3rd quarter. Sei Investments Co. now owns 14,402 shares of the security and automation business’s stock worth $86,000 after buying an additional 1,758 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in ADT by 11.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 17,733 shares of the security and automation business’s stock worth $106,000 after buying an additional 1,784 shares during the last quarter. Inceptionr LLC boosted its stake in ADT by 2.1% in the 2nd quarter. Inceptionr LLC now owns 99,209 shares of the security and automation business’s stock worth $598,000 after buying an additional 2,044 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in ADT by 33.3% in the 3rd quarter. National Bank of Canada FI now owns 8,301 shares of the security and automation business’s stock worth $50,000 after buying an additional 2,075 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.
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.