Shares of Macquarie Infrastructure Company (NYSE:MIC) have received an average recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $91.33.

A number of equities research analysts have commented on MIC shares. Zacks Investment Research upgraded Macquarie Infrastructure Company from a “sell” rating to a “hold” rating in a research report on Friday, April 21st. SunTrust Banks, Inc. initiated coverage on Macquarie Infrastructure Company in a research report on Tuesday, March 21st. They issued a “buy” rating and a $92.00 price target on the stock. Royal Bank Of Canada dropped their price objective on Macquarie Infrastructure Company from $98.00 to $93.00 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. Finally, Barclays PLC boosted their price objective on Macquarie Infrastructure Company from $81.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd.

Macquarie Infrastructure Company (MIC) traded up 0.52% during trading on Tuesday, reaching $77.66. The company’s stock had a trading volume of 437,419 shares. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 38.75 and a beta of 0.90. Macquarie Infrastructure Company has a 52-week low of $68.53 and a 52-week high of $85.45. The firm has a 50 day moving average price of $78.59 and a 200-day moving average price of $79.63.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Macquarie Infrastructure Company by 9.5% in the first quarter. Vanguard Group Inc. now owns 6,313,859 shares of the conglomerate’s stock worth $508,770,000 after buying an additional 545,647 shares during the period. Macquarie Group Ltd. increased its position in Macquarie Infrastructure Company by 7.9% in the first quarter. Macquarie Group Ltd. now owns 4,891,320 shares of the conglomerate’s stock worth $394,143,000 after buying an additional 356,949 shares during the period. State Street Corp increased its position in Macquarie Infrastructure Company by 18.2% in the first quarter. State Street Corp now owns 1,749,011 shares of the conglomerate’s stock worth $140,932,000 after buying an additional 269,761 shares during the period. Selz Capital LLC increased its position in Macquarie Infrastructure Company by 1.7% in the first quarter. Selz Capital LLC now owns 1,024,020 shares of the conglomerate’s stock worth $82,516,000 after buying an additional 17,117 shares during the period. Finally, RidgeWorth Capital Management LLC increased its position in Macquarie Infrastructure Company by 99.2% in the first quarter. RidgeWorth Capital Management LLC now owns 765,525 shares of the conglomerate’s stock worth $61,686,000 after buying an additional 381,175 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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About Macquarie Infrastructure Company

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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