Ubiquiti Inc. (NYSE:UI) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 10.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 350 shares of the company’s stock after buying an additional 33 shares during the period. National Bank of Canada FI’s holdings in Ubiquiti were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of UI. Arrowstreet Capital Limited Partnership lifted its stake in Ubiquiti by 926.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company’s stock valued at $37,609,000 after buying an additional 102,268 shares during the last quarter. Vanguard Group Inc. lifted its position in Ubiquiti by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 94,505 shares of the company’s stock valued at $31,369,000 after purchasing an additional 2,294 shares during the last quarter. Pacer Advisors Inc. lifted its position in Ubiquiti by 95.0% in the 4th quarter. Pacer Advisors Inc. now owns 61,825 shares of the company’s stock valued at $20,522,000 after purchasing an additional 30,118 shares during the last quarter. Norges Bank bought a new position in Ubiquiti in the 4th quarter worth about $16,166,000. Finally, Proficio Capital Partners LLC bought a new position in Ubiquiti in the 4th quarter worth about $15,425,000. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Up 2.7 %

Ubiquiti stock opened at $307.94 on Friday. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $469.98. The stock has a market cap of $18.63 billion, a price-to-earnings ratio of 41.84 and a beta of 1.31. The company’s 50-day moving average price is $324.85 and its two-hundred day moving average price is $323.31. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same quarter last year, the firm earned $1.36 EPS. On average, analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.78%. Ubiquiti’s dividend payout ratio (DPR) is 32.61%.

Wall Street Analyst Weigh In

UI has been the subject of several analyst reports. BWS Financial reiterated a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Friday, April 4th. Barclays cut their target price on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research note on Monday, February 10th.

Insider Activity

In related news, CAO Kevin Radigan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the sale, the chief accounting officer now directly owns 2,484 shares in the company, valued at $864,407.16. The trade was a 28.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 93.10% of the company’s stock.

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.