ADT (NYSE:ADT) Sees Large Volume Increase – Still a Buy?

ADT Inc. (NYSE:ADT) shares saw strong trading volume on Monday. Approximately 13,345,667 shares traded hands during trading, an increase of 22% from the average daily volume of 10,937,531 shares. The stock last traded at $9.9150 and had previously closed at $9.86.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BTIG Research assumed coverage on shares of ADT in a research note on Monday, August 17th. They issued a “neutral” rating for the company. Morgan Stanley cut their target price on ADT from $7.75 to $7.25 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and set a $10.00 target price on the stock in a research report on Wednesday, November 4th. Finally, Weiss Ratings raised shares of ADT from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 29th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.73.

ADT Stock Down 0.4%

The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market capitalization of $7.23 billion, a PE ratio of 13.37 and a beta of 0.95. The firm’s 50-day simple moving average is $7.32 and its 200 day simple moving average is $7.15.

ADT (NYSE:ADT) last announced its quarterly earnings results on Tuesday, November 3rd. The security and automation business reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. ADT had a net margin of 11.85% and a return on equity of 18.57%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 EPS. As a group, equities research analysts forecast that ADT Inc. will post 0.90 earnings per share for the current year.

Institutional Investors Weigh In On ADT

Several institutional investors have recently modified their holdings of ADT. PNC Financial Services Group Inc. grew its holdings in shares of ADT by 151.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business’s stock worth $33,000 after acquiring an additional 2,985 shares during the period. Elevation Wealth Partners LLC raised its holdings in ADT by 1,646.1% during the third quarter. Elevation Wealth Partners LLC now owns 6,094 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 5,745 shares during the last quarter. Parallel Advisors LLC boosted its position in ADT by 154.0% during the first quarter. Parallel Advisors LLC now owns 7,451 shares of the security and automation business’s stock worth $49,000 after purchasing an additional 4,518 shares in the last quarter. GAMMA Investing LLC boosted its position in ADT by 129.6% during the second quarter. GAMMA Investing LLC now owns 7,709 shares of the security and automation business’s stock worth $50,000 after purchasing an additional 4,352 shares in the last quarter. Finally, StoneX Group Inc. purchased a new stake in ADT during the third quarter worth $61,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

About ADT

ADT Inc. provides professionally monitored security, automation and smart-home services to residential customers and businesses in the United States. Its offerings include intrusion detection, video surveillance, fire and life-safety systems, and remote monitoring and control through connected devices and mobile apps. The company also serves commercial customers with security solutions such as access control, video surveillance and fire protection. ADT provides installation, maintenance and monitoring services, with offerings tailored to homes, small businesses and larger organizations.