US Bancorp DE Purchases 57 Shares of Ubiquiti Inc. (NYSE:UI)

US Bancorp DE boosted its position in Ubiquiti Inc. (NYSE:UI) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,537 shares of the company’s stock after acquiring an additional 57 shares during the period. US Bancorp DE’s holdings in Ubiquiti were worth $341,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Ubiquiti in the 2nd quarter worth $44,000. Raleigh Capital Management Inc. purchased a new position in shares of Ubiquiti during the third quarter valued at about $47,000. Covestor Ltd increased its position in shares of Ubiquiti by 29.0% during the first quarter. Covestor Ltd now owns 516 shares of the company’s stock valued at $60,000 after buying an additional 116 shares during the period. EntryPoint Capital LLC increased its position in shares of Ubiquiti by 123.4% during the first quarter. EntryPoint Capital LLC now owns 735 shares of the company’s stock valued at $85,000 after buying an additional 406 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Ubiquiti during the third quarter valued at about $222,000. Institutional investors own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

UI has been the topic of several research analyst reports. StockNews.com upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Monday. BWS Financial boosted their price target on shares of Ubiquiti from $240.00 to $385.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays upped their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a report on Monday.

Ubiquiti Stock Up 2.8 %

UI opened at $349.82 on Wednesday. The company has a current ratio of 3.22, a quick ratio of 1.59 and a debt-to-equity ratio of 7.05. Ubiquiti Inc. has a 1-year low of $104.24 and a 1-year high of $352.90. The company has a market capitalization of $21.15 billion, a PE ratio of 52.69 and a beta of 1.13. The firm’s 50 day simple moving average is $234.00 and its two-hundred day simple moving average is $182.44.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, August 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). The firm had revenue of $507.50 million during the quarter, compared to analysts’ expectations of $538.23 million. Ubiquiti had a return on equity of 3,321.33% and a net margin of 18.15%. Ubiquiti’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts forecast that Ubiquiti Inc. will post 7.09 EPS for the current year.

Ubiquiti Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 18th. This represents a $2.40 annualized dividend and a yield of 0.69%. Ubiquiti’s dividend payout ratio (DPR) is currently 37.15%.

Ubiquiti Profile

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.