Dynamic Technology Lab Private Ltd Takes Position in Macquarie Infrastructure Company (MIC)
Dynamic Technology Lab Private Ltd purchased a new position in Macquarie Infrastructure Company (NYSE:MIC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,859 shares of the conglomerate’s stock, valued at approximately $1,144,000.
A number of other large investors have also recently made changes to their positions in MIC. FMR LLC lifted its holdings in shares of Macquarie Infrastructure by 12.1% in the first quarter. FMR LLC now owns 57,900 shares of the conglomerate’s stock valued at $4,666,000 after purchasing an additional 6,233 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Macquarie Infrastructure by 4.2% in the first quarter. Teachers Advisors LLC now owns 83,321 shares of the conglomerate’s stock valued at $6,714,000 after purchasing an additional 3,341 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Macquarie Infrastructure by 509.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 12,664 shares of the conglomerate’s stock valued at $993,000 after purchasing an additional 10,586 shares in the last quarter. US Bancorp DE lifted its holdings in shares of 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. Finally, Financial Architects Inc lifted its holdings in shares of Macquarie Infrastructure by 1.5% in the second quarter. Financial Architects Inc now owns 9,373 shares of the conglomerate’s stock valued at $735,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 72.91% of the company’s stock.
Shares of Macquarie Infrastructure Company (NYSE:MIC) traded up $0.71 on Tuesday, hitting $65.10. The company had a trading volume of 1,253,800 shares, compared to its average volume of 594,604. 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 $5,450.00, a P/E ratio of 30.23 and a beta of 0.87. Macquarie Infrastructure Company has a one year low of $63.08 and a one year high of $83.66.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 8.73%. This is an increase from Macquarie Infrastructure’s previous quarterly dividend of $1.38. The ex-dividend date was Friday, November 10th. Macquarie Infrastructure’s dividend payout ratio (DPR) is presently 274.40%.
A number of research analysts have recently weighed in on MIC shares. BidaskClub lowered Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. 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 report on Wednesday, October 4th. Finally, SunTrust Banks, Inc. decreased their price target on Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Macquarie Infrastructure has a consensus rating of “Hold” and an average price target of $83.75.
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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