Ubiquiti Inc. (NYSE:UI - Get Free Report) CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the sale, the chief accounting officer now owns 2,484 shares of the company's stock, valued at $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Ubiquiti Stock Up 0.1 %
Shares of UI stock traded up $0.49 during trading hours on Tuesday, hitting $341.11. 24,382 shares of the company's stock traded hands, compared to its average volume of 108,214. The stock's fifty day simple moving average is $369.68 and its two-hundred day simple moving average is $289.26. Ubiquiti Inc. has a 12-month low of $104.24 and a 12-month high of $469.98. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 52.80 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80.
Ubiquiti (NYSE:UI - Get Free Report) last released its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. During the same quarter last year, the business earned $1.36 earnings per share. On average, analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.
Ubiquiti Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, February 18th. Ubiquiti's dividend payout ratio (DPR) is currently 37.15%.
Institutional Investors Weigh In On Ubiquiti
Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 39 shares in the last quarter. Huntington National Bank increased its position in shares of Ubiquiti by 267.6% during the third quarter. Huntington National Bank now owns 125 shares of the company's stock valued at $28,000 after acquiring an additional 91 shares in the last quarter. Venturi Wealth Management LLC grew its position in Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after purchasing an additional 54 shares during the period. Blue Trust Inc. grew its position in Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after purchasing an additional 63 shares during the period. Finally, Sterling Capital Management LLC grew its position in Ubiquiti by 30.2% in the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock worth $56,000 after purchasing an additional 39 shares during the period. Institutional investors own 4.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on UI shares. Barclays lowered their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a report on Monday, February 10th. BWS Financial restated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Monday, February 10th. Finally, StockNews.com upgraded shares of Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th.
Check Out Our Latest Analysis on UI
About Ubiquiti
(
Get Free Report)
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.
Read More
Before you consider Ubiquiti, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ubiquiti wasn't on the list.
While Ubiquiti currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
