Amica Mutual Insurance Co. Continues to Hold Position in Equinix Inc. (EQIX)
Amica Mutual Insurance Co. held its stake in shares of Equinix Inc. (NASDAQ:EQIX) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,032 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Equinix were worth $1,813,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in EQIX. Global X Management Co. LLC boosted its stake in shares of Equinix by 181.1% in the third quarter. Global X Management Co. LLC now owns 520 shares of the company’s stock worth $187,000 after buying an additional 335 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Equinix by 35.0% in the third quarter. JPMorgan Chase & Co. now owns 1,213,346 shares of the company’s stock worth $437,463,000 after buying an additional 314,256 shares during the period. US Bancorp DE raised its position in shares of Equinix by 0.6% in the third quarter. US Bancorp DE now owns 6,340 shares of the company’s stock worth $2,284,000 after buying an additional 39 shares during the period. Signature Estate & Investment Advisors LLC raised its position in shares of Equinix by 69.5% in the third quarter. Signature Estate & Investment Advisors LLC now owns 851 shares of the company’s stock worth $307,000 after buying an additional 349 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Equinix by 3.0% in the third quarter. UBS Asset Management Americas Inc. now owns 166,635 shares of the company’s stock worth $60,030,000 after buying an additional 4,789 shares during the period. Institutional investors and hedge funds own 96.89% of the company’s stock.
Shares of Equinix Inc. (NASDAQ:EQIX) traded up 0.63% during mid-day trading on Tuesday, hitting $343.39. The company had a trading volume of 431,992 shares. The firm’s 50-day moving average price is $0.00 and its 200 day moving average price is $0.00. Equinix Inc. has a one year low of $255.45 and a one year high of $391.07.
Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, November 2nd. The company reported $3.95 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.10. Equinix had a net margin of 2.23% and a return on equity of 3.68%. The firm earned $924.68 million during the quarter, compared to analyst estimates of $919.73 million. During the same quarter in the previous year, the business earned $0.71 EPS. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. Analysts anticipate that Equinix Inc. will post $14.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 16th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Monday, November 14th. Equinix’s dividend payout ratio is presently 648.15%.
A number of brokerages recently issued reports on EQIX. Jefferies Group reissued a “hold” rating on shares of Equinix in a report on Saturday, August 6th. Barclays PLC increased their price objective on Equinix from $360.00 to $372.00 and gave the stock an “equal weight” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $428.00 price objective on shares of Equinix in a report on Tuesday, August 9th. RBC Capital Markets reissued an “outperform” rating and issued a $429.00 price objective (up from $382.00) on shares of Equinix in a report on Wednesday, August 10th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $409.00 price target on shares of Equinix in a research note on Thursday, September 22nd. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $401.97.
In other news, insider Karl Strohmeyer sold 2,143 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $369.76, for a total value of $792,395.68. Following the completion of the transaction, the insider now owns 2,550 shares of the company’s stock, valued at approximately $942,888. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $341.75, for a total transaction of $341,750.00. Following the completion of the transaction, the chief financial officer now directly owns 40,246 shares of the company’s stock, valued at approximately $13,754,070.50. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.
Equinix Company Profile
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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