Dupont Capital Management Corp Has $1.08 Million Holdings in Macquarie Infrastructure Company (MIC)
Dupont Capital Management Corp raised its stake in Macquarie Infrastructure Company (NYSE:MIC) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the conglomerate’s stock after purchasing an additional 1,300 shares during the quarter. Dupont Capital Management Corp’s holdings in Macquarie Infrastructure were worth $1,083,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Ffcm LLC grew its stake in Macquarie Infrastructure by 122.1% in the second quarter. Ffcm LLC now owns 2,010 shares of the conglomerate’s stock valued at $159,000 after purchasing an additional 1,105 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in Macquarie Infrastructure in the second quarter valued at approximately $165,000. Benjamin F. Edwards & Company Inc. grew its stake in Macquarie Infrastructure by 13.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,268 shares of the conglomerate’s stock valued at $178,000 after purchasing an additional 271 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Macquarie Infrastructure in the second quarter valued at approximately $206,000. Finally, US Bancorp DE grew its stake in Macquarie Infrastructure by 1.0% in the second quarter. US Bancorp DE now owns 2,693 shares of the conglomerate’s stock valued at $211,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 81.29% of the company’s stock.
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Macquarie Infrastructure Company (MIC) opened at $66.18 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.93 and a current ratio of 1.07. Macquarie Infrastructure Company has a one year low of $65.57 and a one year high of $83.66. The company has a market capitalization of $5,815.47, a P/E ratio of 32.29 and a beta of 0.87.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be paid a dividend of $1.42 per share. This is an increase from Macquarie Infrastructure’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 8.58%. The ex-dividend date is Friday, November 10th. Macquarie Infrastructure’s payout ratio is currently 259.15%.
Several research analysts have recently commented on MIC shares. Zacks Investment Research upgraded Macquarie Infrastructure from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a research note on Wednesday, October 4th. BidaskClub downgraded Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Barclays PLC downgraded Macquarie Infrastructure from an “overweight” rating to a “hold” rating and reduced their target price for the stock from $89.00 to $83.00 in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $88.00.
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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