Bank of Montreal Can Grows Position in Ubiquiti Inc. (NYSE:UI)

Bank of Montreal Can lifted its stake in Ubiquiti Inc. (NYSE:UI) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,208 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Bank of Montreal Can’s holdings in Ubiquiti were worth $401,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Polymer Capital Management US LLC bought a new position in shares of Ubiquiti during the 4th quarter worth $278,000. Cerity Partners LLC lifted its stake in shares of Ubiquiti by 13.3% during the fourth quarter. Cerity Partners LLC now owns 1,369 shares of the company’s stock worth $414,000 after buying an additional 161 shares during the period. Sierra Summit Advisors LLC purchased a new stake in shares of Ubiquiti during the fourth quarter valued at $549,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Ubiquiti by 49.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 235 shares of the company’s stock worth $78,000 after purchasing an additional 78 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Ubiquiti by 60.5% in the fourth quarter. Russell Investments Group Ltd. now owns 4,182 shares of the company’s stock valued at $1,388,000 after purchasing an additional 1,576 shares during the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on UI shares. BWS Financial restated a “buy” rating and set a $440.00 target price on shares of Ubiquiti in a research report on Friday, April 4th. Barclays cut their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research report on Monday, February 10th.

Insider Transactions at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction of $347,990.00. Following the sale, the chief accounting officer now directly owns 2,484 shares in the company, valued at $864,407.16. This trade represents a 28.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 93.10% of the company’s stock.

Ubiquiti Stock Performance

Shares of Ubiquiti stock opened at $294.34 on Wednesday. The business has a 50-day moving average of $314.06 and a 200 day moving average of $327.07. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. Ubiquiti Inc. has a 12 month low of $104.71 and a 12 month high of $469.98. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 39.99 and a beta of 1.31.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period in the previous year, the business earned $1.36 EPS. As a group, sell-side analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.82%. Ubiquiti’s dividend payout ratio is presently 32.61%.

Ubiquiti 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.