Aew Capital Management L P Has $173.07 Million Stock Position in Equinix, Inc. $EQIX

Key Points

• Aew Capital Management L P reduced its stake in Equinix, Inc. by 7.1%, now holding approximately 212,261 shares valued at $173.07 million, making it their 3rd biggest holding.
• Equinix reported a quarterly EPS of $9.91, significantly exceeding the consensus estimate of $3.49, and noted a year-over-year revenue increase of 4.5% to $2.26 billion.
• The company announced a quarterly dividend of $4.69 per share, yielding approximately 2.4%, with the ex-dividend date set for August 20th.

Aew Capital Management L P trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 212,261 shares of the financial services provider's stock after selling 16,290 shares during the quarter. Equinix accounts for about 8.5% of Aew Capital Management L P's holdings, making the stock its 3rd biggest holding. Aew Capital Management L P owned approximately 0.22% of Equinix worth $173,067,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock worth $10,523,576,000 after acquiring an additional 242,121 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after acquiring an additional 291,753 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock worth $1,243,013,000 after acquiring an additional 40,734 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock worth $1,087,334,000 after acquiring an additional 25,290 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Equinix by 6.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,147,559 shares of the financial services provider's stock worth $1,082,022,000 after acquiring an additional 65,104 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Up 1.8%

Shares of NASDAQ EQIX opened at $786.47 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The firm has a market capitalization of $76.96 billion, a PE ratio of 77.03, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The firm has a fifty day simple moving average of $796.24 and a two-hundred day simple moving average of $839.14.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business earned $9.22 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be issued a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's dividend payout ratio is 183.74%.

Insider Buying and Selling at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the transaction, the chief executive officer directly owned 9,615 shares in the company, valued at approximately $8,508,409.65. This represents a 23.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the transaction, the director owned 17,832 shares of the company's stock, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Dbs Bank upgraded shares of Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. TD Securities upped their price target on shares of Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Scotiabank lowered their price target on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a report on Thursday, June 26th. Wells Fargo & Company lowered their price target on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Finally, Stifel Nicolaus lowered their price target on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Equinix has a consensus rating of "Buy" and a consensus price target of $962.52.

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.

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