Bath Savings Trust Co Buys 416 Shares of Equinix, Inc. $EQIX

Key Points

• Bath Savings Trust Co increased its holdings in Equinix, Inc. by 4.1% during the second quarter, now owning 10,503 shares valued at approximately $8,355,000.
• Equinix reported $9.91 earnings per share in its latest quarterly earnings, significantly exceeding analysts' expectations of $3.49, with a revenue of $2.26 billion.
• The company declared a quarterly dividend of $4.69, with an annualized yield of 2.4%, despite a high payout ratio of 183.74%.

Bath Savings Trust Co lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,503 shares of the financial services provider's stock after acquiring an additional 416 shares during the quarter. Bath Savings Trust Co's holdings in Equinix were worth $8,355,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in EQIX. Brighton Jones LLC boosted its stake in shares of Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after acquiring an additional 73 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new stake in shares of Equinix during the 4th quarter worth about $2,027,000. DigitalBridge Group Inc. boosted its stake in shares of Equinix by 8.4% during the 4th quarter. DigitalBridge Group Inc. now owns 197,696 shares of the financial services provider's stock worth $186,406,000 after acquiring an additional 15,344 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of Equinix during the 4th quarter worth about $207,000. Finally, Two Sigma Investments LP bought a new stake in shares of Equinix during the 4th quarter worth about $16,450,000. Institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

Equinix stock traded up $5.95 during trading hours on Friday, hitting $791.25. The stock had a trading volume of 1,214,646 shares, compared to its average volume of 393,037. The company has a 50-day moving average of $781.41 and a two-hundred day moving average of $819.25. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The company has a market cap of $77.43 billion, a PE ratio of 77.50, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. The firm had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Dbs Bank upgraded Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Scotiabank decreased their target price on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 26th. Wolfe Research downgraded Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. JPMorgan Chase & Co. increased their target price on Equinix from $935.00 to $940.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Truist Financial increased their target price on Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $962.52.

Insider Activity at Equinix

In other news, EVP Raouf Abdel sold 404 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

About Equinix

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.