Willis Investment Counsel Has $1.12 Million Stake in Ubiquiti Inc. (NYSE:UI)

Willis Investment Counsel grew its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,364 shares of the company’s stock after acquiring an additional 114 shares during the quarter. Willis Investment Counsel’s holdings in Ubiquiti were worth $1,117,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Ubiquiti by 95.0% during the 4th quarter. Pacer Advisors Inc. now owns 61,825 shares of the company’s stock worth $20,522,000 after acquiring an additional 30,118 shares during the period. Millennium Management LLC lifted its position in Ubiquiti by 86.2% during the second quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock worth $8,499,000 after purchasing an additional 27,011 shares during the period. Zacks Investment Management acquired a new stake in Ubiquiti during the third quarter worth about $8,892,000. JPMorgan Chase & Co. increased its holdings in Ubiquiti by 20.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company’s stock valued at $6,610,000 after buying an additional 5,045 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Ubiquiti by 88.8% in the 2nd quarter. AQR Capital Management LLC now owns 23,546 shares of the company’s stock valued at $3,372,000 after buying an additional 11,076 shares in the last quarter. 4.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Ubiquiti Stock Performance

NYSE UI opened at $402.66 on Monday. The firm’s fifty day moving average price is $363.23 and its two-hundred day moving average price is $272.69. The stock has a market cap of $24.35 billion, a PE ratio of 62.33 and a beta of 1.14. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $438.12.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, November 8th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.37. The business had revenue of $550.34 million for the quarter, compared to analyst estimates of $535.03 million. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. On average, equities analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, November 18th. 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.