Macquarie Infrastructure Company (NYSE:MIC) has received a consensus recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $89.33.

A number of brokerages have recently issued reports on MIC. BidaskClub cut Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research cut Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Barclays PLC cut Macquarie Infrastructure from an “overweight” rating to a “hold” rating and dropped their price objective for the stock from $89.00 to $83.00 in a research note on Tuesday, July 18th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC raised its position in Macquarie Infrastructure by 8.4% in the fourth quarter. Teachers Advisors LLC now owns 79,980 shares of the conglomerate’s stock worth $6,534,000 after buying an additional 6,226 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Macquarie Infrastructure by 3.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,078 shares of the conglomerate’s stock worth $157,000 after buying an additional 73 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Macquarie Infrastructure by 11.8% in the first quarter. Janney Montgomery Scott LLC now owns 9,319 shares of the conglomerate’s stock worth $751,000 after buying an additional 985 shares during the last quarter. Shell Asset Management Co. raised its position in Macquarie Infrastructure by 6.3% in the first quarter. Shell Asset Management Co. now owns 20,274 shares of the conglomerate’s stock worth $1,634,000 after buying an additional 1,205 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Macquarie Infrastructure during the first quarter worth $121,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

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Macquarie Infrastructure (NYSE:MIC) traded up 0.18% during midday trading on Tuesday, reaching $72.57. 216,227 shares of the company’s stock traded hands. Macquarie Infrastructure has a 52 week low of $71.23 and a 52 week high of $85.45. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 34.89 and a beta of 0.92. The company’s 50-day moving average price is $75.11 and its 200 day moving average price is $77.77.

Macquarie Infrastructure (NYSE:MIC) last announced its quarterly earnings data on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.26. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. The company had revenue of $438.99 million for the quarter, compared to the consensus estimate of $416.50 million. On average, equities research analysts expect that Macquarie Infrastructure will post $1.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a dividend of $1.38 per share. The ex-dividend date was Thursday, August 10th. This is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.32. This represents a $5.52 dividend on an annualized basis and a dividend yield of 7.61%. Macquarie Infrastructure’s payout ratio is presently 255.56%.

About Macquarie Infrastructure

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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