ADT Inc. (NYSE:ADT – Get Free Report) was the target of unusually large options trading activity on Monday. Stock investors acquired 3,052 put options on the stock. This represents an increase of approximately 269% compared to the average daily volume of 827 put options.
Institutional Investors Weigh In On ADT
A number of institutional investors have recently added to or reduced their stakes in ADT. Janney Montgomery Scott LLC lifted its position in shares of ADT by 3.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 75,863 shares of the security and automation business’s stock worth $510,000 after purchasing an additional 2,183 shares during the period. Highland Capital Management LLC lifted its position in shares of 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 lifted its position in shares of ADT by 12.9% in the 3rd quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock worth $193,000 after purchasing an additional 3,054 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of ADT by 19.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,546 shares of the security and automation business’s stock worth $156,000 after purchasing an additional 3,311 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of ADT in the 2nd quarter worth approximately $26,000. 87.22% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of 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 boosted their target price on shares of ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th.
ADT Price Performance
Shares of ADT stock traded up $0.02 during midday trading on Wednesday, hitting $7.37. 5,529,582 shares of the company traded hands, compared to its average volume of 5,328,216. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 10.53 and a beta of 1.53. 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 firm’s fifty day moving average price is $7.18 and its 200-day moving average price is $7.18. ADT has a 12 month low of $5.53 and a 12 month high of $8.25.
ADT (NYSE:ADT – Get Free Report) last posted its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ADT had a net margin of 13.83% and a return on equity of 15.45%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that ADT will post 0.62 earnings per share for the current year.
ADT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, December 12th. ADT’s payout ratio is 31.43%.
About ADT
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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