Keeley Teton Advisors LLC boosted its holdings in shares of Macquarie Infrastructure Corp (NYSE:MIC) by 19.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,323 shares of the conglomerate’s stock after acquiring an additional 10,315 shares during the quarter. Keeley Teton Advisors LLC owned 0.07% of Macquarie Infrastructure worth $4,065,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of MIC. Macquarie Group Ltd. raised its holdings in shares of Macquarie Infrastructure by 4.5% in the third quarter. Macquarie Group Ltd. now owns 5,336,110 shares of the conglomerate’s stock valued at $385,160,000 after purchasing an additional 228,693 shares during the last quarter. Virtus Fund Advisers LLC grew its position in Macquarie Infrastructure by 40.5% during the fourth quarter. Virtus Fund Advisers LLC now owns 1,399,650 shares of the conglomerate’s stock valued at $89,858,000 after buying an additional 403,400 shares during the period. Cohen & Steers Inc. grew its position in Macquarie Infrastructure by 7.1% during the third quarter. Cohen & Steers Inc. now owns 991,556 shares of the conglomerate’s stock valued at $71,571,000 after buying an additional 65,382 shares during the period. Dimensional Fund Advisors LP boosted its position in Macquarie Infrastructure by 19.4% during the third quarter. Dimensional Fund Advisors LP now owns 948,812 shares of the conglomerate’s stock worth $68,486,000 after purchasing an additional 154,158 shares during the period. Finally, Atlantic Trust Group LLC boosted its position in Macquarie Infrastructure by 7,024.8% during the third quarter. Atlantic Trust Group LLC now owns 799,259 shares of the conglomerate’s stock worth $57,689,000 after purchasing an additional 788,041 shares during the period. 76.46% of the stock is currently owned by institutional investors.
Shares of Macquarie Infrastructure Corp (NYSE:MIC) traded up $0.42 during trading hours on Friday, reaching $38.55. The company’s stock had a trading volume of 2,137,325 shares, compared to its average volume of 3,978,961. Macquarie Infrastructure Corp has a fifty-two week low of $37.03 and a fifty-two week high of $81.74. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. The stock has a market cap of $3,234.16, a price-to-earnings ratio of 7.18 and a beta of 1.24.
Macquarie Infrastructure (NYSE:MIC) last released its quarterly earnings results on Wednesday, February 21st. The conglomerate reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). The business had revenue of $471.21 million for the quarter, compared to analysts’ expectations of $452.30 million. Macquarie Infrastructure had a net margin of 24.86% and a return on equity of 4.83%. sell-side analysts anticipate that Macquarie Infrastructure Corp will post 2.25 EPS for the current year.
The company also recently announced a dividend, which was paid on Thursday, March 8th. Stockholders of record on Monday, March 5th were given a dividend of $1.44 per share. This is an increase from Macquarie Infrastructure’s previous dividend of $1.11. The ex-dividend date was Friday, March 2nd. Macquarie Infrastructure’s dividend payout ratio is currently 107.26%.
A number of equities analysts have recently commented on MIC shares. Wells Fargo restated a “market perform” rating on shares of Macquarie Infrastructure in a research report on Friday, February 23rd. SunTrust Banks downgraded shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Alembic Global Advisors reissued a “sell” rating on shares of Macquarie Infrastructure in a research note on Thursday, February 22nd. Zacks Investment Research cut shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Finally, ValuEngine cut shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.25.
Macquarie Infrastructure Profile
Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.
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