ADT Inc. (NYSE:ADT – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 23,550,000 shares, an increase of 16.9% from the September 15th total of 20,150,000 shares. Based on an average trading volume of 4,050,000 shares, the days-to-cover ratio is presently 5.8 days. Currently, 5.6% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in ADT in the 2nd quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new stake in shares of ADT in the second quarter valued at approximately $30,000. Raleigh Capital Management Inc. purchased a new position in shares of ADT during the 4th quarter worth approximately $36,000. Duncker Streett & Co. Inc. acquired a new position in shares of ADT during the 2nd quarter worth approximately $38,000. Finally, Diversify Advisory Services LLC purchased a new stake in ADT in the 2nd quarter valued at approximately $76,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.
ADT Price Performance
NYSE:ADT traded up $0.14 during trading hours on Wednesday, hitting $7.00. The company’s stock had a trading volume of 3,848,417 shares, compared to its average volume of 4,916,236. ADT has a 52-week low of $5.53 and a 52-week high of $7.92. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. The business’s 50-day moving average is $7.19 and its two-hundred day moving average is $7.13. The company has a market capitalization of $6.46 billion, a PE ratio of 9.89 and a beta of 1.53.
ADT Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Friday, September 13th. ADT’s dividend payout ratio (DPR) is 31.43%.
Analysts Set New Price Targets
Separately, Royal Bank of Canada reduced their price objective on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd.
Get Our Latest Analysis on ADT
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.
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