Equinix, Inc. $EQIX Shares Sold by Railway Pension Investments Ltd

Key Points

• Railway Pension Investments Ltd. cut its Equinix stake by 20.6% in the second quarter, selling 42,480 shares and retaining 163,989 shares valued at approximately $170.9 million. Institutional investors collectively own 94.94% of the company.
• Equinix reported strong quarterly results, with revenue rising 16.4% year over year to $2.62 billion and adjusted earnings of $11.78 per share, well above analyst expectations of $4.73.
• The company declared a quarterly dividend of $5.16 per share, equivalent to an annualized $20.64 and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,203.40.

Railway Pension Investments Ltd decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 20.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,989 shares of the financial services provider's stock after selling 42,480 shares during the quarter. Equinix makes up approximately 2.1% of Railway Pension Investments Ltd's portfolio, making the stock its 17th biggest position. Railway Pension Investments Ltd owned approximately 0.17% of Equinix worth $170,940,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Avion Wealth grew its position in shares of Equinix by 73.3% in the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider's stock valued at $25,000 after buying an additional 11 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider's stock worth $25,000 after purchasing an additional 15 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Equinix during the 4th quarter valued at approximately $30,000. Physician Wealth Advisors Inc. boosted its position in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock worth $32,000 after purchasing an additional 24 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of Equinix in the 2nd quarter worth about $34,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the transaction, the director owned 13,734 shares of the company's stock, valued at approximately $15,156,567.72. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider owned 4,077 shares in the company, valued at $4,384,813.50. This represents a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 7,986 shares of company stock worth $8,370,777. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Performance

Shares of EQIX stock opened at $1,046.72 on Tuesday. The firm has a market capitalization of $103.28 billion, a price-to-earnings ratio of 67.40, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The business has a 50 day simple moving average of $1,049.22 and a 200 day simple moving average of $1,033.85.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating analysts' consensus estimates of $4.73 by $7.05. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix's dividend payout ratio is presently 132.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EQIX. Guggenheim reiterated a "buy" rating and set a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Barclays increased their target price on Equinix from $1,109.00 to $1,130.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 1st. Stifel Nicolaus boosted their price objective on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Zacks Research downgraded Equinix from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 15th. Finally, Royal Bank Of Canada raised their price target on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,203.40.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix's offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.

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