Ubiquiti Inc. (NYSE:UI) Stock Position Lowered by National Bank of Canada FI

National Bank of Canada FI trimmed its position in shares of Ubiquiti Inc. (NYSE:UI) by 34.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 350 shares of the company’s stock after selling 180 shares during the period. National Bank of Canada FI’s holdings in Ubiquiti were worth $52,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. SW Investment Management LLC increased its stake in Ubiquiti by 17.3% in the 4th quarter. SW Investment Management LLC now owns 305,000 shares of the company’s stock valued at $42,566,000 after buying an additional 45,000 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Ubiquiti by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 139,704 shares of the company’s stock valued at $20,349,000 after purchasing an additional 2,041 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Ubiquiti by 24.1% during the 1st quarter. Vanguard Group Inc. now owns 97,817 shares of the company’s stock worth $11,332,000 after acquiring an additional 18,986 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Ubiquiti by 17.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,177 shares of the company’s stock valued at $5,049,000 after purchasing an additional 5,267 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Ubiquiti by 6.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 18,190 shares of the company’s stock valued at $2,539,000 after buying an additional 1,160 shares during the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UI has been the topic of several recent analyst reports. StockNews.com downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research report on Tuesday, September 3rd. Barclays cut their target price on shares of Ubiquiti from $108.00 to $104.00 and set an “underweight” rating for the company in a research note on Tuesday, August 27th. Finally, BWS Financial raised their price target on shares of Ubiquiti from $160.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, August 26th.

Ubiquiti Trading Up 0.7 %

Ubiquiti stock opened at $202.69 on Friday. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 35.01 and a beta of 1.16. Ubiquiti Inc. has a 12 month low of $103.00 and a 12 month high of $210.00. The business has a 50 day moving average price of $178.38 and a two-hundred day moving average price of $144.48. The company has a quick ratio of 1.59, a current ratio of 3.22 and a debt-to-equity ratio of 7.05.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, August 23rd. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). The company had revenue of $507.50 million during the quarter, compared to the consensus estimate of $538.23 million. Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts forecast that Ubiquiti Inc. will post 7.09 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. Ubiquiti’s dividend payout ratio (DPR) is currently 41.45%.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.