Stock Traders Purchase Large Volume of ADT Call Options (NYSE:ADT)

ADT Inc. (NYSE:ADT) saw some unusual options trading activity on Tuesday. Traders bought 2,612 call options on the company. This is an increase of 696% compared to the average daily volume of 328 call options.

Wall Street Analysts Forecast Growth

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 note on Friday, August 2nd.

Institutional Investors Weigh In On ADT

Several hedge funds have recently modified their holdings of ADT. Nordea Investment Management AB lifted its holdings in shares of ADT by 31.4% during the first quarter. Nordea Investment Management AB now owns 1,297,954 shares of the security and automation business’s stock valued at $8,703,000 after acquiring an additional 310,406 shares during the period. GSA Capital Partners LLP bought a new position in shares of ADT during the first quarter valued at $1,017,000. Quantbot Technologies LP lifted its holdings in shares of ADT by 452.9% during the first quarter. Quantbot Technologies LP now owns 179,036 shares of the security and automation business’s stock valued at $1,203,000 after acquiring an additional 146,657 shares during the period. Vanguard Group Inc. increased its stake in shares of ADT by 10.7% in the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after buying an additional 3,427,575 shares in the last quarter. Finally, Boston Partners increased its stake in shares of ADT by 246.8% in the first quarter. Boston Partners now owns 192,468 shares of the security and automation business’s stock valued at $1,293,000 after buying an additional 136,977 shares in the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Trading Down 0.5 %

Shares of ADT stock opened at $6.93 on Thursday. ADT has a 12 month low of $5.53 and a 12 month high of $7.92. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The business’s 50 day moving average is $7.17 and its two-hundred day moving average is $7.15. The company has a market cap of $6.39 billion, a PE ratio of 9.89 and a beta of 1.53.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. ADT had a return on equity of 15.45% and a net margin of 13.83%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the business earned $0.15 earnings per share. ADT’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts predict that ADT will post 0.62 EPS for the current year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.22 annualized dividend and a dividend yield of 3.18%. ADT’s dividend 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.