CapWealth Advisors LLC Has $16.82 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

CapWealth Advisors LLC decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,224 shares of the financial services provider’s stock after selling 76 shares during the quarter. Equinix makes up approximately 2.1% of CapWealth Advisors LLC’s portfolio, making the stock its 21st biggest position. CapWealth Advisors LLC’s holdings in Equinix were worth $16,815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goelzer Investment Management Inc. boosted its stake in shares of Equinix by 0.3% during the fourth quarter. Goelzer Investment Management Inc. now owns 4,177 shares of the financial services provider’s stock valued at $3,364,000 after purchasing an additional 13 shares in the last quarter. Cypress Capital Group boosted its position in Equinix by 2.3% during the 2nd quarter. Cypress Capital Group now owns 575 shares of the financial services provider’s stock worth $435,000 after buying an additional 13 shares during the period. Lindbrook Capital LLC grew its holdings in Equinix by 3.0% during the 1st quarter. Lindbrook Capital LLC now owns 487 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 14 shares during the last quarter. Banco Santander S.A. increased its position in Equinix by 2.0% in the 1st quarter. Banco Santander S.A. now owns 699 shares of the financial services provider’s stock valued at $577,000 after acquiring an additional 14 shares during the period. Finally, Ieq Capital LLC increased its position in Equinix by 0.5% in the 4th quarter. Ieq Capital LLC now owns 2,923 shares of the financial services provider’s stock valued at $2,354,000 after acquiring an additional 15 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other news, insider Meredith Williamson sold 576 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total value of $474,733.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Meredith Williamson sold 576 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total transaction of $474,733.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Simon Miller sold 569 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the transaction, the chief accounting officer now directly owns 5,554 shares of the company’s stock, valued at $4,559,334.14. The disclosure for this sale can be found here. Insiders sold 7,472 shares of company stock valued at $6,154,812 over the last ninety days. 0.27% of the stock is currently owned by insiders.

Equinix Stock Performance

Shares of EQIX opened at $821.74 on Friday. The firm has a market capitalization of $77.99 billion, a P/E ratio of 82.42, a P/E/G ratio of 2.03 and a beta of 0.68. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.22 and a current ratio of 1.22. Equinix, Inc. has a 52 week low of $677.80 and a 52 week high of $914.93. The stock has a 50 day moving average price of $799.52 and a two-hundred day moving average price of $794.75.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.88 by ($4.72). The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equinix had a net margin of 12.24% and a return on equity of 8.46%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $8.04 earnings per share. Equities analysts forecast that Equinix, Inc. will post 31.04 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $17.04 annualized dividend and a dividend yield of 2.07%. Equinix’s payout ratio is currently 170.91%.

Wall Street Analyst Weigh In

EQIX has been the topic of several analyst reports. Royal Bank of Canada reduced their price objective on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 28th. Barclays upped their price target on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Truist Financial increased their price target on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Mizuho started coverage on Equinix in a research note on Thursday, July 11th. They issued an “outperform” rating and a $873.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average target price of $876.71.

Equinix Profile

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.