Border to Coast Pensions Partnership Ltd Reduces Stock Holdings in Equinix, Inc. $EQIX

Key Points

• Border to Coast Pensions Partnership Ltd reduced its stake in Equinix, Inc. by 7.4%, selling 5,000 shares and leaving them with approximately 62,498 shares valued at $49.7 million.
• Equinix recently declared a quarterly dividend of $4.69 per share, resulting in an annualized dividend of $18.76 and a yield of 2.4%, with a high dividend payout ratio of 183.74%.
• Equinix achieved a record $9.91 earnings per share (EPS) in its last quarter, significantly surpassing analysts' expectations of $3.49, and reported a 4.5% year-over-year revenue increase.

Border to Coast Pensions Partnership Ltd lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,498 shares of the financial services provider's stock after selling 5,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned about 0.06% of Equinix worth $49,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avanza Fonder AB lifted its holdings in shares of Equinix by 8.4% during the second quarter. Avanza Fonder AB now owns 6,857 shares of the financial services provider's stock worth $5,455,000 after purchasing an additional 534 shares during the period. Arthur M. Cohen & Associates LLC boosted its stake in shares of Equinix by 7.4% in the second quarter. Arthur M. Cohen & Associates LLC now owns 3,292 shares of the financial services provider's stock worth $2,618,000 after buying an additional 226 shares during the last quarter. BTC Capital Management Inc. grew its holdings in Equinix by 4.6% during the second quarter. BTC Capital Management Inc. now owns 896 shares of the financial services provider's stock worth $713,000 after acquiring an additional 39 shares during the period. CX Institutional raised its position in Equinix by 6.4% during the second quarter. CX Institutional now owns 385 shares of the financial services provider's stock valued at $306,000 after acquiring an additional 23 shares in the last quarter. Finally, Weatherly Asset Management L. P. lifted its stake in shares of Equinix by 0.6% in the 2nd quarter. Weatherly Asset Management L. P. now owns 5,077 shares of the financial services provider's stock valued at $4,039,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on EQIX shares. BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. The Goldman Sachs Group lowered their price objective on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Wall Street Zen lowered shares of Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Guggenheim initiated coverage on shares of Equinix in a research note on Thursday, July 10th. They set a "buy" rating and a $933.00 price target on the stock. Finally, Bank of America decreased their target price on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $962.52.

Insider Activity at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Equinix Price Performance

EQIX stock traded up $5.01 on Tuesday, reaching $803.08. 211,608 shares of the company's stock were exchanged, compared to its average volume of 601,504. The firm has a market cap of $78.59 billion, a PE ratio of 78.44, a P/E/G ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The stock has a fifty day moving average of $782.16 and a 200-day moving average of $817.74. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

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

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, August 20th. Equinix's dividend payout ratio is 183.74%.

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.