ADT (NYSE:ADT) Sees Unusually-High Trading Volume – Here’s Why

Shares of ADT Inc. (NYSE:ADT) saw an uptick in trading volume on Thursday . 5,108,910 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 5,392,902 shares.The stock last traded at $7.64 and had previously closed at $7.60.

Analyst Ratings Changes

Several research firms have commented on ADT. The Goldman Sachs Group raised their target price on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada raised their target price on shares of 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 0.8 %

The business’s 50 day moving average price is $7.22 and its two-hundred day moving average price is $7.27. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 8.26 and a beta of 1.52.

ADT (NYSE:ADT) last released its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.055 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.22 annualized dividend and a yield of 2.92%. ADT’s dividend payout ratio (DPR) is 23.91%.

Institutional Investors Weigh In On ADT

Several large investors have recently modified their holdings of ADT. The Manufacturers Life Insurance Company grew its stake in ADT by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock valued at $1,245,000 after buying an additional 1,343 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in 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 valued at $510,000 after purchasing an additional 2,183 shares during the period. Highland Capital Management LLC boosted its holdings 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 valued at $200,000 after purchasing an additional 2,542 shares during the period. New York State Teachers Retirement System boosted its holdings in 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 valued at $193,000 after purchasing an additional 3,054 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in 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 valued at $156,000 after purchasing an additional 3,311 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

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.