Valeo Financial Advisors LLC Has $422,000 Holdings in Ubiquiti Inc. $UI

Valeo Financial Advisors LLC raised its position in shares of Ubiquiti Inc. (NYSE:UI) by 2.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,025 shares of the company’s stock after purchasing an additional 25 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Ubiquiti were worth $422,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of UI. AQR Capital Management LLC grew its position in shares of Ubiquiti by 133.9% during the 1st quarter. AQR Capital Management LLC now owns 232,015 shares of the company’s stock worth $70,521,000 after buying an additional 132,816 shares during the period. TD Asset Management Inc acquired a new stake in shares of Ubiquiti during the 1st quarter worth approximately $34,013,000. Epoch Investment Partners Inc. acquired a new stake in shares of Ubiquiti during the 1st quarter worth approximately $18,897,000. Pacer Advisors Inc. grew its position in shares of Ubiquiti by 76.2% during the 1st quarter. Pacer Advisors Inc. now owns 108,934 shares of the company’s stock worth $33,785,000 after buying an additional 47,109 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Ubiquiti during the 1st quarter worth approximately $11,363,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UI. Weiss Ratings reissued a “hold (c+)” rating on shares of Ubiquiti in a research report on Wednesday. BWS Financial lifted their price target on shares of Ubiquiti from $440.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, August 25th. UBS Group set a $600.00 price target on shares of Ubiquiti in a research report on Monday, August 25th. Finally, Barclays lifted their price target on shares of Ubiquiti from $247.00 to $299.00 and gave the company an “underweight” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $499.67.

Ubiquiti Price Performance

UI opened at $695.32 on Friday. The company has a market capitalization of $42.06 billion, a price-to-earnings ratio of 59.08 and a beta of 1.44. The firm’s fifty day moving average price is $555.55 and its two-hundred day moving average price is $437.47. Ubiquiti Inc. has a 1 year low of $230.98 and a 1 year high of $705.78.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, August 22nd. The company reported $3.54 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $1.31. The company had revenue of $759.15 million for the quarter, compared to analysts’ expectations of $618.80 million. Ubiquiti had a return on equity of 166.22% and a net margin of 27.66%.During the same period in the previous year, the business posted $1.74 EPS. As a group, equities analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Ubiquiti’s previous quarterly dividend of $0.60. Ubiquiti’s dividend payout ratio (DPR) is presently 27.19%.

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.