Guardian Capital LP Buys 4,439 Shares of Equinix, Inc. (NASDAQ:EQIX)

Guardian Capital LP increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 29.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,463 shares of the financial services provider’s stock after purchasing an additional 4,439 shares during the quarter. Guardian Capital LP’s holdings in Equinix were worth $18,351,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EQIX. Inspire Trust Co. N.A. grew its position in Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after acquiring an additional 11 shares during the last quarter. Rothschild Investment LLC boosted its holdings in shares of Equinix by 1.9% in the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider’s stock valued at $543,000 after buying an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in shares of Equinix by 3.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider’s stock valued at $340,000 after buying an additional 11 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 12 shares during the last quarter. Finally, Great Lakes Retirement Inc. raised its position in shares of Equinix by 1.2% in the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider’s stock valued at $920,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 0.8 %

Shares of EQIX opened at $851.65 on Wednesday. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a 50-day simple moving average of $831.55 and a 200-day simple moving average of $894.83. The firm has a market capitalization of $83.31 billion, a P/E ratio of 99.61, a P/E/G ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $4.69 dividend. This is an increase from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 annualized dividend and a dividend yield of 2.20%. Equinix’s dividend payout ratio (DPR) is currently 219.42%.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 684 shares of Equinix stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the sale, the insider now directly owns 8,377 shares of the company’s stock, valued at approximately $7,878,652.27. This trade represents a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 215 shares of Equinix stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total value of $199,891.95. Following the completion of the sale, the insider now owns 1,245 shares of the company’s stock, valued at approximately $1,157,513.85. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock valued at $6,547,068 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wolfe Research raised shares of Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 price target for the company in a research report on Thursday, March 27th. Scotiabank dropped their price target on shares of Equinix from $1,040.00 to $1,030.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Finally, Barclays raised their price target on shares of Equinix from $822.00 to $834.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $1,004.94.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.