Shell Asset Management Co. Buys 835 Shares of Equinix, Inc. $EQIX

Key Points

• Shell Asset Management Co. increased its stake in Equinix by 22.7%, acquiring an additional 835 shares in Q2, bringing its total holdings to 4,510 shares valued at $3,588,000.
• Multiple hedge funds, including Vanguard Group and Valeo Financial Advisors, also significantly increased their stakes in Equinix, showcasing growing institutional interest in the company.
• Equinix recently announced a quarterly dividend of $4.69 per share, resulting in an annualized dividend of $18.76 and a yield of 2.4%, with a notable payout ratio of 183.74%.

Shell Asset Management Co. increased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 22.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,510 shares of the financial services provider's stock after acquiring an additional 835 shares during the quarter. Shell Asset Management Co.'s holdings in Equinix were worth $3,588,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake 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 valued at $10,523,576,000 after acquiring an additional 242,121 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Equinix by 298,148.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider's stock valued at $6,488,728,000 after acquiring an additional 8,154,365 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 valued at $1,296,871,000 after acquiring an additional 291,753 shares in the last quarter. Northern Trust Corp grew its position in Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock valued at $1,243,013,000 after purchasing an additional 40,734 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in 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 valued at $1,087,334,000 after purchasing an additional 25,290 shares during the period. Institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on EQIX. Truist Financial lifted their price target on shares of Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of Equinix from a "sell" rating to a "hold" rating in a research report on Friday, October 3rd. Cfra Research downgraded shares of Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Equinix from $935.00 to $940.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Equinix in a research report on Saturday, September 27th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $960.65.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of Equinix 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 sale, the director owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Equinix Price Performance

EQIX opened at $787.08 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $77.02 billion, a price-to-earnings ratio of 77.09, a P/E/G ratio of 1.41 and a beta of 0.92. The firm's fifty day moving average price is $781.62 and its two-hundred day moving average price is $813.44. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03.

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

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, August 20th. Equinix's payout ratio is presently 183.74%.

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.

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