Macquarie Infrastructure (MIC) Director Acquires $7,136,892.00 in Stock

Macquarie Infrastructure (NYSE:MIC) Director Infrastructure Manag Macquarie acquired 187,320 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was acquired at an average cost of $38.10 per share, for a total transaction of $7,136,892.00. Following the completion of the purchase, the director now directly owns 7,070,937 shares of the company’s stock, valued at approximately $269,402,699.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Infrastructure Manag Macquarie also recently made the following trade(s):

  • On Friday, May 18th, Infrastructure Manag Macquarie purchased 128,548 shares of Macquarie Infrastructure stock. The shares were purchased at an average cost of $36.70 per share, for a total transaction of $4,717,711.60.
  • On Monday, May 21st, Infrastructure Manag Macquarie purchased 430,648 shares of Macquarie Infrastructure stock. The shares were purchased at an average cost of $37.36 per share, for a total transaction of $16,089,009.28.
  • On Monday, May 14th, Infrastructure Manag Macquarie purchased 112,700 shares of Macquarie Infrastructure stock. The shares were purchased at an average cost of $38.04 per share, for a total transaction of $4,287,108.00.
  • On Wednesday, May 16th, Infrastructure Manag Macquarie purchased 415,926 shares of Macquarie Infrastructure stock. The shares were purchased at an average cost of $37.77 per share, for a total transaction of $15,709,525.02.
  • On Thursday, May 10th, Infrastructure Manag Macquarie purchased 141,204 shares of Macquarie Infrastructure stock. The shares were purchased at an average cost of $39.02 per share, for a total transaction of $5,509,780.08.

Macquarie Infrastructure traded up $0.10, reaching $38.06, during trading hours on Wednesday, according to Marketbeat. 1,621,413 shares of the company were exchanged, compared to its average volume of 1,789,037. Macquarie Infrastructure has a 1 year low of $36.20 and a 1 year high of $79.51. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.19 and a current ratio of 1.35. The company has a market capitalization of $3.23 billion, a PE ratio of 14.87 and a beta of 1.22.

Macquarie Infrastructure (NYSE:MIC) last posted its quarterly earnings data on Wednesday, February 21st. The conglomerate reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). Macquarie Infrastructure had a return on equity of 6.04% and a net margin of 26.38%. The company had revenue of $471.21 million for the quarter, compared to analysts’ expectations of $452.30 million. analysts forecast that Macquarie Infrastructure will post 2.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Monday, May 14th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, May 11th. This represents a $4.00 dividend on an annualized basis and a yield of 10.51%. Macquarie Infrastructure’s dividend payout ratio (DPR) is presently 156.25%.

A number of hedge funds and other institutional investors have recently bought and sold shares of MIC. Atria Investments LLC increased its holdings in Macquarie Infrastructure by 43.3% during the fourth quarter. Atria Investments LLC now owns 5,486 shares of the conglomerate’s stock worth $352,000 after buying an additional 1,658 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Macquarie Infrastructure by 10.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 331,817 shares of the conglomerate’s stock worth $21,303,000 after buying an additional 32,090 shares during the last quarter. Westpac Banking Corp increased its holdings in Macquarie Infrastructure by 12.2% during the fourth quarter. Westpac Banking Corp now owns 7,541 shares of the conglomerate’s stock worth $484,000 after buying an additional 818 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Macquarie Infrastructure during the fourth quarter worth about $295,000. Finally, Clear Harbor Asset Management LLC increased its holdings in Macquarie Infrastructure by 31.0% during the fourth quarter. Clear Harbor Asset Management LLC now owns 106,713 shares of the conglomerate’s stock worth $6,851,000 after buying an additional 25,225 shares during the last quarter. Institutional investors and hedge funds own 73.11% of the company’s stock.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. ValuEngine lowered shares of Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Oppenheimer set a $60.00 price target on shares of Macquarie Infrastructure and gave the company a “buy” rating in a research report on Thursday, May 3rd. SunTrust Banks lowered shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Alembic Global Advisors reissued a “sell” rating on shares of Macquarie Infrastructure in a research report on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Macquarie Infrastructure presently has a consensus rating of “Hold” and an average price target of $57.00.

Macquarie Infrastructure Company Profile

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils through a network of 19 marine terminals, including 17 in the United States and 2 in Canada.

Insider Buying and Selling by Quarter for Macquarie Infrastructure (NYSE:MIC)

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