Ubiquiti Inc. (NYSE:UI) Stock Holdings Lifted by AQR Capital Management LLC

AQR Capital Management LLC increased its position in shares of Ubiquiti Inc. (NYSE:UI) by 100.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,199 shares of the company’s stock after acquiring an additional 49,616 shares during the quarter. AQR Capital Management LLC owned 0.16% of Ubiquiti worth $32,927,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 39 shares during the period. Venturi Wealth Management LLC lifted its stake in Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock worth $43,000 after acquiring an additional 54 shares in the last quarter. Blue Trust Inc. boosted its position in Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after acquiring an additional 63 shares during the period. Financial Perspectives Inc boosted its position in Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock worth $56,000 after acquiring an additional 102 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in shares of Ubiquiti by 30.2% in the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company’s stock valued at $56,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Kevin Radigan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the transaction, the chief accounting officer now owns 2,484 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Company insiders own 93.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BWS Financial restated a “buy” rating and set a $440.00 price target on shares of Ubiquiti in a report on Friday, April 4th. Barclays cut their price objective on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a report on Monday, February 10th.

Ubiquiti Stock Performance

UI stock opened at $343.01 on Friday. The firm has a 50 day moving average of $312.28 and a two-hundred day moving average of $331.25. Ubiquiti Inc. has a 12 month low of $110.32 and a 12 month high of $469.98. The company has a market capitalization of $20.75 billion, a price-to-earnings ratio of 46.60 and a beta of 1.31. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm posted $1.36 earnings per share. As a group, equities analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors 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 yield of 0.70%. Ubiquiti’s dividend payout ratio (DPR) is currently 32.61%.

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.