ADT Inc (NYSE:ADT) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 15,800,000 shares, a decline of 9.8% from the August 31st total of 17,510,000 shares. Based on an average trading volume of 6,540,000 shares, the short-interest ratio is currently 2.4 days.
In other news, EVP Donald M. Young sold 80,941 shares of the business’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $10.00, for a total transaction of $809,410.00. Following the completion of the sale, the executive vice president now directly owns 1,993,394 shares of the company’s stock, valued at $19,933,940. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 42,920,526 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $10.00, for a total transaction of $429,205,260.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,081,029 shares of company stock valued at $430,810,290. 1.40% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in ADT. Amundi Pioneer Asset Management Inc. lifted its stake in shares of ADT by 8.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,310,568 shares of the security and automation business’s stock valued at $8,375,000 after buying an additional 97,268 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of ADT by 29.0% during the 1st quarter. Rhumbline Advisers now owns 116,195 shares of the security and automation business’s stock valued at $502,000 after buying an additional 26,089 shares in the last quarter. Swiss National Bank lifted its stake in shares of ADT by 1.8% during the 1st quarter. Swiss National Bank now owns 288,400 shares of the security and automation business’s stock valued at $1,246,000 after buying an additional 5,200 shares in the last quarter. State Street Corp lifted its stake in shares of ADT by 21.5% during the 1st quarter. State Street Corp now owns 1,783,733 shares of the security and automation business’s stock valued at $7,765,000 after buying an additional 316,231 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of ADT during the 1st quarter valued at approximately $136,000. Institutional investors own 94.14% of the company’s stock.
ADT traded up $0.03 during midday trading on Friday, reaching $8.19. The company had a trading volume of 2,593,281 shares, compared to its average volume of 5,980,815. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market cap of $6.23 billion, a PE ratio of -9.20, a P/E/G ratio of 1.39 and a beta of 2.40. ADT has a 12-month low of $3.40 and a 12-month high of $17.21. The business has a 50-day moving average price of $10.23 and a two-hundred day moving average price of $7.75.
ADT (NYSE:ADT) last released its earnings results on Wednesday, August 5th. The security and automation business reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.34). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. ADT had a negative net margin of 12.47% and a negative return on equity of 4.99%. On average, research analysts anticipate that ADT will post 1.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Thursday, September 17th. ADT’s payout ratio is -155.56%.
Several equities research analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of ADT from $10.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. They noted that the move was a valuation call. ValuEngine raised shares of ADT from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Credit Suisse Group upped their price objective on shares of ADT from $7.00 to $8.70 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Goldman Sachs Group upped their price objective on shares of ADT from $9.00 to $17.00 in a research report on Tuesday, August 4th. Finally, Citigroup reduced their price objective on shares of ADT from $15.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.86.
ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.
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