ADT Inc. (NYSE:ADT) Short Interest Update

ADT Inc. (NYSE:ADT) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 14,230,000 shares, a decline of 34.3% from the October 31st total of 21,650,000 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average daily volume of 6,220,000 shares, the days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On ADT

Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its stake in shares of ADT by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock worth $1,245,000 after acquiring an additional 1,343 shares during the period. Sanctuary Advisors LLC boosted its holdings in ADT by 10.8% in the third quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock worth $164,000 after purchasing an additional 2,112 shares during the last quarter. Highland Capital Management LLC grew its position in ADT by 10.1% in the 3rd quarter. Highland Capital Management LLC now owns 27,643 shares of the security and automation business’s stock worth $200,000 after purchasing an additional 2,542 shares during the period. New York State Teachers Retirement System raised its stake in ADT by 12.9% during the 3rd quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock valued at $193,000 after buying an additional 3,054 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of ADT by 19.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,546 shares of the security and automation business’s stock valued at $156,000 after buying an additional 3,311 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price target on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, October 25th.

ADT Trading Down 0.4 %

NYSE:ADT opened at $7.66 on Friday. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 8.33 and a beta of 1.52. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The company’s 50 day moving average price is $7.33 and its 200-day moving average price is $7.33. ADT has a 52 week low of $5.63 and a 52 week high of $8.25.

ADT (NYSE:ADT) last issued its earnings results on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. On average, equities research analysts forecast that ADT will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.055 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.22 annualized dividend and a yield of 2.87%. ADT’s payout ratio is 23.91%.

ADT Company Profile

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.