ADT Inc (ADT) Short Interest Update

ADT Inc (NYSE:ADT) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 39,025,533 shares, a decrease of 2.1% from the July 13th total of 39,856,574 shares. Based on an average daily volume of 1,928,821 shares, the days-to-cover ratio is presently 20.2 days. Currently, 32.1% of the company’s shares are sold short.

Shares of ADT stock opened at $8.72 on Friday. ADT has a fifty-two week low of $6.93 and a fifty-two week high of $13.02. The firm has a market cap of $6.73 billion and a price-to-earnings ratio of -25.14. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.80 and a current ratio of 0.87.

ADT (NYSE:ADT) last issued its quarterly earnings results on Wednesday, August 8th. The security and automation business reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. ADT’s revenue was up 5.9% on a year-over-year basis. analysts expect that ADT will post 0.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 2nd. Investors of record on Tuesday, September 18th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, September 17th. ADT’s dividend payout ratio (DPR) is currently -40.00%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Comerica Bank purchased a new position in shares of ADT in the 1st quarter worth $100,000. First Mercantile Trust Co. raised its position in shares of ADT by 106.8% in the 2nd quarter. First Mercantile Trust Co. now owns 22,750 shares of the security and automation business’s stock worth $197,000 after buying an additional 11,750 shares during the period. Rhumbline Advisers raised its position in shares of ADT by 17.7% in the 2nd quarter. Rhumbline Advisers now owns 91,152 shares of the security and automation business’s stock worth $788,000 after buying an additional 13,715 shares during the period. Stevens Capital Management LP purchased a new position in shares of ADT in the 2nd quarter worth $121,000. Finally, California Public Employees Retirement System raised its position in shares of ADT by 57.9% in the 2nd quarter. California Public Employees Retirement System now owns 39,481 shares of the security and automation business’s stock worth $342,000 after buying an additional 14,481 shares during the period. 98.01% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the company. ValuEngine raised ADT from a “sell” rating to a “hold” rating in a research note on Thursday, April 19th. Zacks Investment Research lowered ADT from a “hold” rating to a “sell” rating in a research note on Monday. Barclays reduced their price target on ADT from $17.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 25th. Finally, Credit Suisse Group assumed coverage on ADT in a research note on Friday, August 10th. They set an “outperform” rating and a $12.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $14.75.

ADT Company Profile

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.

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