Bowen Hanes & Co. Inc. Acquires 5,000 Shares of Equinix, Inc. $EQIX

Bowen Hanes & Co. Inc. lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 16.7% during the second quarter, Holdings Channel reports. The institutional investor owned 35,000 shares of the financial services provider’s stock after acquiring an additional 5,000 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Equinix were worth $27,841,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Activest Wealth Management grew its holdings in Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 17 shares during the period. Westside Investment Management Inc. lifted its holdings in shares of Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Equinix in the 2nd quarter worth approximately $26,000. Bank of Jackson Hole Trust grew its stake in shares of Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in Equinix during the 2nd quarter valued at approximately $28,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Trading Up 0.2%

NASDAQ:EQIX opened at $754.68 on Friday. The company has a market cap of $74.10 billion, a PE ratio of 69.11, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The company has a 50 day simple moving average of $802.37 and a two-hundred day simple moving average of $813.92. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the prior year, the firm earned $9.05 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, November 19th. Equinix’s payout ratio is currently 171.79%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. TD Cowen upped their target price on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Truist Financial boosted their price objective on shares of Equinix from $961.00 to $973.00 and gave the stock a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $961.33.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 100 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total value of $84,047.00. Following the transaction, the insider owned 8,277 shares in the company, valued at $6,956,570.19. This represents a 1.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 50 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total transaction of $38,879.00. Following the completion of the transaction, the director directly owned 17,782 shares in the company, valued at approximately $13,826,927.56. The trade was a 0.28% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 5,641 shares of company stock valued at $4,394,531. 0.27% of the stock is owned by company insiders.

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.