ADT (NYSE:ADT) Shares Gap Up - Here's What Happened

Shares of ADT Inc. (NYSE:ADT - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $6.92, but opened at $7.38. ADT shares last traded at $7.36, with a volume of 1,374,046 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut 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.

ADT Trading Up 17.6 %

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 has a market cap of $7.51 billion, a price-to-earnings ratio of 11.00 and a beta of 1.53. The business has a fifty day moving average of $7.17 and a two-hundred day moving average of $7.15.

ADT (NYSE:ADT - Get Free Report) last released its earnings results on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. ADT had a net margin of 13.83% and a return on equity of 15.45%. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the company earned $0.15 EPS. ADT's revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that ADT Inc. will post 0.62 earnings per share for the current fiscal year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a dividend of $0.055 per share. The ex-dividend date was Friday, September 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.70%. ADT's payout ratio is 31.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in shares of ADT in the 2nd quarter valued at approximately $26,000. Altshuler Shaham Ltd acquired a new stake in shares of ADT in the second quarter valued at about $30,000. Duncker Streett & Co. Inc. bought a new stake in shares of ADT in the second quarter valued at approximately $38,000. Checchi Capital Advisers LLC acquired a new stake in ADT in the 2nd quarter worth $77,000. Finally, Diversify Advisory Services LLC acquired a new position 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.

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.