Equinix Inc (EQIX) Shares Bought by Timbercreek Investment Management Inc.
Timbercreek Investment Management Inc. boosted its position in shares of Equinix Inc (NASDAQ:EQIX) by 27.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,400 shares of the financial services provider’s stock after purchasing an additional 8,900 shares during the period. Equinix makes up 4.2% of Timbercreek Investment Management Inc.’s portfolio, making the stock its 5th biggest position. Timbercreek Investment Management Inc. owned 0.05% of Equinix worth $14,596,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its holdings in Equinix by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 10,175,655 shares of the financial services provider’s stock valued at $4,404,940,000 after purchasing an additional 27,284 shares in the last quarter. BlackRock Inc. grew its holdings in Equinix by 2.5% during the 3rd quarter. BlackRock Inc. now owns 5,925,203 shares of the financial services provider’s stock valued at $2,564,961,000 after purchasing an additional 144,960 shares in the last quarter. Capital World Investors grew its holdings in Equinix by 4.8% during the 3rd quarter. Capital World Investors now owns 3,238,956 shares of the financial services provider’s stock valued at $1,402,112,000 after purchasing an additional 148,000 shares in the last quarter. Edgewood Management LLC grew its holdings in Equinix by 1.6% during the 3rd quarter. Edgewood Management LLC now owns 2,287,779 shares of the financial services provider’s stock valued at $990,356,000 after purchasing an additional 35,868 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Equinix by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,225,145 shares of the financial services provider’s stock valued at $530,354,000 after purchasing an additional 112,196 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on EQIX. BidaskClub lowered shares of Equinix from a “buy” rating to a “hold” rating in a report on Thursday, December 27th. Jefferies Financial Group raised shares of Equinix from a “hold” rating to a “buy” rating and raised their price objective for the stock from $454.00 to $479.00 in a report on Monday, December 10th. decreased their price objective on shares of Equinix to $460.00 and set a “positive” rating for the company in a report on Thursday, November 1st. KeyCorp assumed coverage on shares of Equinix in a report on Tuesday, October 23rd. They set a “sector weight” rating for the company. Finally, Zacks Investment Research lowered shares of Equinix from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $498.82.
Shares of NASDAQ EQIX traded down $0.01 during midday trading on Friday, hitting $370.67. The company’s stock had a trading volume of 19,935 shares, compared to its average volume of 600,638. Equinix Inc has a 1-year low of $335.29 and a 1-year high of $458.64. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $28.73 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.23 and a beta of 0.78.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $1.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.47 by ($2.92). Equinix had a net margin of 6.46% and a return on equity of 7.70%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm posted $3.63 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts forecast that Equinix Inc will post 18.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 14th were issued a $2.28 dividend. This represents a $9.12 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Tuesday, November 13th. Equinix’s dividend payout ratio (DPR) is presently 49.22%.
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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