Robeco Institutional Asset Management B.V. Reduces Position in Equinix, Inc. $EQIX

Key Points

• Robeco Institutional trimmed its Equinix stake by 3.4% in Q4, selling 1,773 shares and now holds 50,531 shares worth about $38.7 million (≈0.05% of the company).
• Q4 results missed expectations — EPS $8.91 vs. $9.07 estimate and revenue $2.42B vs. $2.46B — though revenue rose 7% year-over-year and analysts maintain a consensus "Moderate Buy" with an average price target around $1,033.57.
• Dividend increased to $5.16 quarterly ($20.64 annual, ~2.0% yield), but the payout ratio is elevated at about 150%, signaling a high distribution relative to earnings.

Robeco Institutional Asset Management B.V. lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,531 shares of the financial services provider's stock after selling 1,773 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Equinix worth $38,715,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ameriflex Group Inc. grew its position in Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider's stock worth $25,000 after purchasing an additional 26 shares during the last quarter. Abound Wealth Management boosted its holdings in shares of Equinix by 209.1% in the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in shares of Equinix by 200.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider's stock worth $32,000 after acquiring an additional 28 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Equinix during the third quarter worth $37,000. Finally, Cornerstone Planning Group LLC lifted its position in Equinix by 40.6% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

EQIX opened at $1,056.84 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a fifty day moving average price of $952.42 and a 200 day moving average price of $844.66. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,057.88. The stock has a market cap of $104.23 billion, a P/E ratio of 76.86, a P/E/G ratio of 2.63 and a beta of 1.01.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.07 by ($0.16). Equinix had a net margin of 14.65% and a return on equity of 9.60%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the firm earned $7.92 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were paid a $5.16 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. This is an increase from Equinix's previous quarterly dividend of $4.69. Equinix's dividend payout ratio (DPR) is presently 150.11%.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Equinix in a research report on Thursday, March 5th. They set an "outperform" rating and a $1,128.00 target price for the company. HSBC set a $1,050.00 target price on shares of Equinix and gave the company a "buy" rating in a research report on Thursday, January 15th. The Goldman Sachs Group boosted their target price on shares of Equinix from $785.00 to $894.00 and gave the company a "neutral" rating in a research report on Thursday, February 12th. Zacks Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 9th. Finally, Cantor Fitzgerald initiated coverage on shares of Equinix in a research report on Thursday, April 9th. They set an "overweight" rating and a $1,173.00 target price for the company. Five research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,033.57.

Insider Transactions at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,670 shares of the company's stock in a transaction on Friday, January 16th. The shares were sold at an average price of $804.08, for a total transaction of $2,146,893.60. Following the completion of the transaction, the chief executive officer directly owned 14,857 shares in the company, valued at approximately $11,946,216.56. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 1,333 shares of the company's stock in a transaction on Friday, January 16th. The stock was sold at an average price of $804.25, for a total transaction of $1,072,065.25. Following the transaction, the insider owned 9,551 shares of the company's stock, valued at $7,681,391.75. This represents a 12.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 17,266 shares of company stock worth $14,927,320. Insiders own 0.27% of the company's stock.

Equinix Company Profile

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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