American National Bank & Trust Sells 1,971 Shares of Ubiquiti Inc. $UI

American National Bank & Trust reduced its stake in Ubiquiti Inc. (NYSE:UI) by 85.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 340 shares of the company’s stock after selling 1,971 shares during the quarter. American National Bank & Trust’s holdings in Ubiquiti were worth $188,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Ubiquiti by 87.5% during the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after purchasing an additional 21 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Ubiquiti by 16.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 525 shares of the company’s stock valued at $296,000 after acquiring an additional 76 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Ubiquiti by 22.8% during the fourth quarter. SG Americas Securities LLC now owns 1,762 shares of the company’s stock worth $975,000 after acquiring an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Ubiquiti by 244.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock worth $88,815,000 after acquiring an additional 110,632 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its stake in shares of Ubiquiti by 159.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,908 shares of the company’s stock worth $1,077,000 after purchasing an additional 1,174 shares during the period. 4.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UI shares. BWS Financial restated a “buy” rating and set a $720.00 price objective on shares of Ubiquiti in a report on Monday, February 9th. Barclays boosted their target price on shares of Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. Wall Street Zen raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Weiss Ratings raised Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $615.67.

Ubiquiti Stock Performance

NYSE:UI opened at $841.04 on Friday. The business’s fifty day moving average is $724.17 and its 200 day moving average is $655.84. The firm has a market cap of $50.90 billion, a price-to-earnings ratio of 57.29 and a beta of 1.32. Ubiquiti Inc. has a 52-week low of $255.00 and a 52-week high of $854.00.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.08 by $0.80. The business had revenue of $814.87 million during the quarter, compared to the consensus estimate of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The firm’s revenue was up 35.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.28 EPS. Equities analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.20 annualized dividend and a yield of 0.4%. Ubiquiti’s dividend payout ratio (DPR) is currently 21.80%.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.