Willis Investment Counsel Has $1.12 Million Holdings in Ubiquiti Inc. (NYSE:UI)

Willis Investment Counsel increased its stake in shares of Ubiquiti Inc. (NYSE:UI) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,364 shares of the company’s stock after acquiring an additional 114 shares during the period. Willis Investment Counsel’s holdings in Ubiquiti were worth $1,117,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Huntington National Bank boosted its holdings in Ubiquiti by 267.6% during the third quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 91 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of Ubiquiti during the 3rd quarter worth about $47,000. Blue Trust Inc. boosted its stake in shares of Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after buying an additional 63 shares during the last quarter. Hanseatic Management Services Inc. bought a new position in shares of Ubiquiti in the 3rd quarter valued at about $76,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ubiquiti in the third quarter valued at about $126,000. 4.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. BWS Financial increased their price target on Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Barclays raised their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th.

Ubiquiti Price Performance

Shares of NYSE UI opened at $402.66 on Monday. Ubiquiti Inc. has a twelve month low of $104.24 and a twelve month high of $438.12. The company has a market cap of $24.35 billion, a PE ratio of 62.33 and a beta of 1.14. The business’s 50 day moving average price is $363.23 and its two-hundred day moving average price is $272.69. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, November 8th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.37. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. The business had revenue of $550.34 million for the quarter, compared to analysts’ expectations of $535.03 million. On average, analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Monday, November 18th. Ubiquiti’s payout ratio is 37.15%.

Ubiquiti Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.