Stock Yards Bank & Trust Co. Sells 640 Shares of Ubiquiti Inc. (NYSE:UI)

Stock Yards Bank & Trust Co. lessened its stake in shares of Ubiquiti Inc. (NYSE:UI) by 33.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,285 shares of the company’s stock after selling 640 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Ubiquiti were worth $427,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Ubiquiti by 4,880.2% in the 3rd quarter. Barclays PLC now owns 13,347 shares of the company’s stock valued at $2,959,000 after buying an additional 13,079 shares during the last quarter. Empowered Funds LLC acquired a new stake in Ubiquiti in the third quarter valued at $323,000. Algert Global LLC bought a new position in shares of Ubiquiti in the 3rd quarter valued at about $838,000. MML Investors Services LLC acquired a new position in shares of Ubiquiti during the 3rd quarter worth about $327,000. Finally, Semanteon Capital Management LP bought a new stake in shares of Ubiquiti in the 3rd quarter valued at about $599,000. 4.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BWS Financial boosted their price target on Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Barclays increased their price target on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th.

Ubiquiti Stock Performance

UI opened at $403.06 on Tuesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The business has a fifty day simple moving average of $363.23 and a 200 day simple moving average of $273.39. Ubiquiti Inc. has a 1 year low of $104.24 and a 1 year high of $438.12. The company has a market capitalization of $24.37 billion, a PE ratio of 62.39 and a beta of 1.14.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, November 8th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.37. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. The company had revenue of $550.34 million during the quarter, compared to analysts’ expectations of $535.03 million. Research analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were given a $0.60 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.60%. Ubiquiti’s payout ratio is 37.15%.

About Ubiquiti

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.