Shares of Macquarie Infrastructure Corp (NYSE:MIC) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $40.67 and traded as high as $41.97. Macquarie Infrastructure shares last traded at $41.71, with a volume of 13,282 shares changing hands.
Several analysts recently commented on MIC shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 485 ($6.34) target price on shares of in a report on Tuesday, July 9th. Barclays set a €45.00 ($52.33) target price on Zalando and gave the company a “buy” rating in a report on Tuesday, April 16th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Macquarie Infrastructure currently has a consensus rating of “Hold” and a consensus price target of $48.33.
The company has a debt-to-equity ratio of 0.95, a current ratio of 1.67 and a quick ratio of 1.64. The business’s 50 day moving average is $40.69. The firm has a market capitalization of $3.61 billion, a PE ratio of 19.62 and a beta of 1.36.
Macquarie Infrastructure (NYSE:MIC) last issued its quarterly earnings results on Wednesday, May 1st. The conglomerate reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.18. Macquarie Infrastructure had a return on equity of 8.18% and a net margin of 6.93%. The firm had revenue of $482.00 million for the quarter, compared to analyst estimates of $488.00 million. Research analysts forecast that Macquarie Infrastructure Corp will post 4.8 EPS for the current year.
Large investors have recently modified their holdings of the company. Columbia Asset Management raised its position in shares of Macquarie Infrastructure by 9.0% during the first quarter. Columbia Asset Management now owns 5,655 shares of the conglomerate’s stock worth $233,000 after purchasing an additional 465 shares during the period. Martingale Asset Management L P raised its position in shares of Macquarie Infrastructure by 7,403.6% during the first quarter. Martingale Asset Management L P now owns 495,760 shares of the conglomerate’s stock worth $20,437,000 after purchasing an additional 489,153 shares during the period. California Public Employees Retirement System raised its position in shares of Macquarie Infrastructure by 22.7% during the first quarter. California Public Employees Retirement System now owns 122,691 shares of the conglomerate’s stock worth $5,057,000 after purchasing an additional 22,732 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Macquarie Infrastructure by 155.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 60,382 shares of the conglomerate’s stock worth $2,208,000 after purchasing an additional 36,753 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of Macquarie Infrastructure by 6.5% during the first quarter. Chicago Partners Investment Group LLC now owns 142,532 shares of the conglomerate’s stock worth $5,770,000 after purchasing an additional 8,667 shares during the period. 73.86% of the stock is currently owned by institutional investors.
About Macquarie Infrastructure (NYSE:MIC)
Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada.
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