Railway Pension Investments Ltd Increases Stake in Equinix, Inc. $EQIX

Railway Pension Investments Ltd boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 101.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 204,169 shares of the financial services provider’s stock after buying an additional 102,900 shares during the period. Equinix accounts for approximately 2.2% of Railway Pension Investments Ltd’s portfolio, making the stock its 18th largest position. Railway Pension Investments Ltd owned 0.21% of Equinix worth $159,913,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. InTrack Investment Management Inc raised its position in shares of Equinix by 12.2% in the 3rd quarter. InTrack Investment Management Inc now owns 2,940 shares of the financial services provider’s stock worth $2,303,000 after acquiring an additional 319 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Equinix by 4.0% in the third quarter. Fifth Third Wealth Advisors LLC now owns 1,107 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 43 shares during the period. Moss Adams Wealth Advisors LLC raised its holdings in Equinix by 4.1% in the third quarter. Moss Adams Wealth Advisors LLC now owns 355 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 14 shares in the last quarter. Taylor Frigon Capital Management LLC raised its holdings in Equinix by 2.6% in the third quarter. Taylor Frigon Capital Management LLC now owns 2,262 shares of the financial services provider’s stock worth $1,772,000 after purchasing an additional 58 shares in the last quarter. Finally, Sterling Investment Counsel LLC purchased a new position in Equinix during the third quarter valued at $652,000. 94.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of recent research reports. Daiwa Capital Markets set a $917.00 target price on shares of Equinix and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. The Goldman Sachs Group cut shares of Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price objective on the stock. in a report on Thursday, December 18th. Morgan Stanley began coverage on shares of Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 target price for the company. Finally, Truist Financial lifted their target price on shares of Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Equinix has an average rating of “Moderate Buy” and an average price target of $953.90.

Equinix Stock Performance

Shares of EQIX stock opened at $764.11 on Monday. The company has a market capitalization of $75.02 billion, a price-to-earnings ratio of 69.97, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. Equinix, Inc. has a one year low of $701.41 and a one year high of $964.73. The company’s 50-day moving average is $773.37 and its 200 day moving average is $785.28.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company earned $9.05 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Sell-side analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were given a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a yield of 2.5%. Equinix’s payout ratio is 171.79%.

Insider Buying and Selling at Equinix

In related news, EVP Raouf Abdel sold 159 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total transaction of $116,259.21. Following the transaction, the executive vice president owned 6,584 shares in the company, valued at $4,814,154.96. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adaire Fox-Martin sold 2,894 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $731.09, for a total transaction of $2,115,774.46. Following the completion of the sale, the chief executive officer owned 12,366 shares in the company, valued at $9,040,658.94. This represents a 18.96% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 8,704 shares of company stock worth $6,617,748. 0.27% of the stock is owned by company insiders.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.