Caisse DE Depot ET Placement DU Quebec raised its position in Macquarie Infrastructure Corp (NYSE:MIC) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,044 shares of the conglomerate’s stock after buying an additional 10,300 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of Macquarie Infrastructure worth $3,791,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American International Group Inc. purchased a new position in Macquarie Infrastructure in the fourth quarter valued at $105,000. Cowen Prime Services LLC purchased a new position in Macquarie Infrastructure in the fourth quarter valued at $161,000. LS Investment Advisors LLC increased its holdings in Macquarie Infrastructure by 40.2% in the fourth quarter. LS Investment Advisors LLC now owns 2,908 shares of the conglomerate’s stock valued at $187,000 after buying an additional 834 shares in the last quarter. FNY Partners Fund LP increased its holdings in Macquarie Infrastructure by 200.0% in the third quarter. FNY Partners Fund LP now owns 3,000 shares of the conglomerate’s stock valued at $216,000 after buying an additional 2,000 shares in the last quarter. Finally, Sigma Planning Corp purchased a new position in Macquarie Infrastructure in the third quarter valued at $221,000. 76.46% of the stock is owned by institutional investors.
MIC has been the subject of a number of recent analyst reports. SunTrust Banks cut their price objective on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Zacks Investment Research cut shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a report on Saturday, November 18th. JPMorgan Chase & Co. cut shares of Macquarie Infrastructure from an “overweight” rating to a “neutral” rating in a report on Thursday, February 22nd. Alembic Global Advisors reaffirmed a “sell” rating on shares of Macquarie Infrastructure in a report on Thursday, February 22nd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating on shares of Macquarie Infrastructure in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $74.25.
Macquarie Infrastructure (NYSE:MIC) last released its earnings results on Wednesday, February 21st. The conglomerate reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). The company had revenue of $471.21 million for the quarter, compared to analysts’ expectations of $452.30 million. Macquarie Infrastructure had a return on equity of 4.83% and a net margin of 24.86%. research analysts forecast that Macquarie Infrastructure Corp will post 2.25 EPS for the current fiscal year.
The business also recently announced a dividend, which was paid on Thursday, March 8th. Stockholders of record on Monday, March 5th were paid a dividend of $1.44 per share. The ex-dividend date of this dividend was Friday, March 2nd. This is a boost from Macquarie Infrastructure’s previous dividend of $1.11. Macquarie Infrastructure’s payout ratio is currently 376.47%.
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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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