Shares of Macquarie Infrastructure Corp (NYSE:MIC) have earned an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $83.67.

A number of equities research analysts recently commented on MIC shares. BidaskClub downgraded Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Macquarie Infrastructure from a “hold” rating to a “strong-buy” rating and set a $84.00 target price on the stock in a research report on Wednesday, October 4th. Finally, SunTrust Banks decreased their target price on Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th.

In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 2,151 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $66.07, for a total transaction of $142,116.57. Following the sale, the director now directly owns 46,925 shares in the company, valued at $3,100,334.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $65.87, for a total value of $114,086.84. Following the sale, the director now owns 49,076 shares in the company, valued at $3,232,636.12. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC raised its holdings in shares of Macquarie Infrastructure by 4,796.4% in the second quarter. Janus Henderson Group PLC now owns 339,470 shares of the conglomerate’s stock worth $26,614,000 after buying an additional 332,537 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of Macquarie Infrastructure by 48.4% in the third quarter. Westfield Capital Management Co. LP now owns 761,928 shares of the conglomerate’s stock worth $54,996,000 after buying an additional 248,395 shares during the period. 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 worth $385,160,000 after buying an additional 228,693 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Macquarie Infrastructure in the third quarter worth approximately $16,401,000. Finally, Cibc World Markets Corp raised its holdings in shares of Macquarie Infrastructure by 119.0% in the second quarter. Cibc World Markets Corp now owns 398,500 shares of the conglomerate’s stock worth $31,242,000 after buying an additional 216,500 shares during the period. Institutional investors and hedge funds own 76.41% of the company’s stock.

Macquarie Infrastructure (MIC) traded down $0.51 during trading hours on Thursday, hitting $65.60. The company had a trading volume of 578,000 shares, compared to its average volume of 599,738. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $5,590.53, a P/E ratio of 31.04 and a beta of 0.86. Macquarie Infrastructure has a 12 month low of $63.08 and a 12 month high of $83.66.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were given a $1.42 dividend. This is an increase from Macquarie Infrastructure’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date was Friday, November 10th. Macquarie Infrastructure’s payout ratio is currently 266.67%.

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Macquarie Infrastructure Company 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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