Macquarie Infrastructure Company (NYSE:MIC) had its target price dropped by analysts at SunTrust Banks, Inc. to $75.00 in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the conglomerate’s stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 15.60% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub upgraded Macquarie Infrastructure from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Barclays PLC downgraded Macquarie Infrastructure from an “overweight” rating to a “hold” rating and dropped their price target for the company from $89.00 to $83.00 in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $83.75.

Macquarie Infrastructure (NYSE:MIC) traded down $0.71 during trading on Wednesday, hitting $64.88. The company’s stock had a trading volume of 747,400 shares, compared to its average volume of 586,476. The company has a market cap of $5,546.98, a PE ratio of 30.80 and a beta of 0.87. Macquarie Infrastructure has a 52-week low of $64.84 and a 52-week high of $83.66. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 0.93.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in MIC. Verition Fund Management LLC purchased a new position in shares of Macquarie Infrastructure in the 2nd quarter valued at $404,000. Principal Financial Group Inc. increased its stake in Macquarie Infrastructure by 0.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,468,616 shares of the conglomerate’s stock worth $193,540,000 after buying an additional 14,255 shares in the last quarter. Swiss National Bank increased its stake in Macquarie Infrastructure by 3.2% during the 2nd quarter. Swiss National Bank now owns 284,300 shares of the conglomerate’s stock worth $22,289,000 after buying an additional 8,800 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Macquarie Infrastructure by 25.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 26,446 shares of the conglomerate’s stock worth $2,073,000 after buying an additional 5,332 shares in the last quarter. Finally, Overbrook Management Corp boosted its holdings in shares of Macquarie Infrastructure by 3.6% during the 2nd quarter. Overbrook Management Corp now owns 598,148 shares of the conglomerate’s stock worth $46,895,000 after purchasing an additional 20,688 shares during the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

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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