First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Equinix, Inc. (REIT) (NASDAQ:EQIX) during the first quarter, Holdings Channel.com reports. The fund bought 3,620 shares of the financial services provider’s stock, valued at approximately $2,460,000.
A number of other large investors have also bought and sold shares of EQIX. Fulton Bank N.A. lifted its holdings in shares of Equinix by 6.6% in the 1st quarter. Fulton Bank N.A. now owns 374 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 23 shares during the last quarter. Pensionfund DSM Netherlands grew its position in Equinix by 63.1% during the 1st quarter. Pensionfund DSM Netherlands now owns 10,364 shares of the financial services provider’s stock worth $7,043,000 after acquiring an additional 4,010 shares during the last quarter. Pensionfund Sabic increased its stake in Equinix by 27.0% in the 1st quarter. Pensionfund Sabic now owns 4,190 shares of the financial services provider’s stock worth $2,847,000 after purchasing an additional 890 shares during the period. Legacy Wealth Asset Management LLC purchased a new stake in Equinix during the 4th quarter valued at $432,000. Finally, HM Payson & Co. boosted its holdings in shares of Equinix by 21.3% during the fourth quarter. HM Payson & Co. now owns 820 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 144 shares during the period. 93.44% of the stock is owned by institutional investors.
Equinix stock traded up $9.86 during trading on Thursday, reaching $694.31. 1,654 shares of the company’s stock were exchanged, compared to its average volume of 589,474. The firm has a market cap of $61.99 billion, a price-to-earnings ratio of 134.21, a PEG ratio of 1.99 and a beta of 0.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.07 and a current ratio of 1.07. Equinix, Inc. has a 52-week low of $586.73 and a 52-week high of $839.77. The company’s 50-day moving average is $659.35 and its two-hundred day moving average is $717.67.
Equinix (NASDAQ:EQIX) last released its earnings results on Tuesday, February 9th. The financial services provider reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.96). The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Equinix had a return on equity of 4.62% and a net margin of 7.58%. Equinix’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 EPS. Analysts anticipate that Equinix, Inc. will post 21.85 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 17th. Stockholders of record on Wednesday, February 24th were paid a $2.87 dividend. This is a positive change from Equinix’s previous quarterly dividend of $2.66. This represents a $11.48 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, February 23rd. Equinix’s dividend payout ratio is currently 50.33%.
In other news, Chairman Camp Peter Van sold 1,892 shares of Equinix stock in a transaction that occurred on Tuesday, January 19th. The shares were sold at an average price of $716.92, for a total value of $1,356,412.64. Following the transaction, the chairman now owns 7,458 shares of the company’s stock, valued at approximately $5,346,789.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles J. Meyers sold 4,791 shares of the stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $703.37, for a total transaction of $3,369,845.67. Following the sale, the chief executive officer now directly owns 13,301 shares of the company’s stock, valued at $9,355,524.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,722 shares of company stock worth $18,731,932. 0.51% of the stock is owned by insiders.
Several equities analysts have commented on EQIX shares. Evercore ISI began coverage on Equinix in a research report on Wednesday, March 17th. They set an “outperform” rating and a $820.00 price objective for the company. Raymond James boosted their price target on Equinix from $835.00 to $856.00 and gave the company a “strong-buy” rating in a report on Thursday, February 11th. Citigroup dropped their target price on shares of Equinix from $883.00 to $849.00 and set a “buy” rating for the company in a research report on Friday, February 12th. TheStreet cut shares of Equinix from a “b-” rating to a “c+” rating in a research report on Wednesday, January 6th. Finally, Credit Suisse Group raised their price objective on Equinix from $915.00 to $942.00 and gave the company an “outperform” rating in a research note on Thursday, February 11th. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Equinix presently has an average rating of “Buy” and a consensus price target of $819.30.
Equinix Company Profile
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.
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