Macquarie Infrastructure Company (MIC) Shares Bought by Capital Fund Management S.A.
Capital Fund Management S.A. boosted its stake in shares of Macquarie Infrastructure Company (NYSE:MIC) by 16.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,645 shares of the conglomerate’s stock after buying an additional 25,103 shares during the quarter. Capital Fund Management S.A. owned 0.21% of Macquarie Infrastructure worth $13,849,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Macquarie Infrastructure during the first quarter worth about $121,000. Ffcm LLC boosted its stake in Macquarie Infrastructure by 122.1% during the second quarter. Ffcm LLC now owns 2,010 shares of the conglomerate’s stock worth $159,000 after buying an additional 1,105 shares during the period. Daiwa Securities Group Inc. boosted its stake in Macquarie Infrastructure by 412.5% during the first quarter. Daiwa Securities Group Inc. now owns 2,050 shares of the conglomerate’s stock worth $165,000 after buying an additional 1,650 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in Macquarie Infrastructure during the second quarter worth about $165,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Macquarie Infrastructure by 13.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,268 shares of the conglomerate’s stock worth $178,000 after buying an additional 271 shares during the period. 80.73% of the stock is owned by institutional investors.
Several research analysts have weighed in on the stock. BidaskClub lowered shares of Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Barclays PLC lowered shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and lowered their target price for the stock from $89.00 to $83.00 in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $88.75.
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Macquarie Infrastructure Company (MIC) traded up 0.25% on Friday, hitting $72.98. 355,360 shares of the stock traded hands. Macquarie Infrastructure Company has a 12-month low of $71.23 and a 12-month high of $85.45. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 35.09 and a beta of 0.87. The firm’s 50-day moving average price is $74.14 and its 200-day moving average price is $77.38.
Macquarie Infrastructure (NYSE:MIC) last posted its quarterly earnings data on Wednesday, August 2nd. The conglomerate reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.26. Macquarie Infrastructure had a net margin of 10.12% and a return on equity of 5.71%. The company had revenue of $438.99 million for the quarter, compared to analyst estimates of $416.50 million. On average, equities research analysts anticipate that Macquarie Infrastructure Company will post $1.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 7.56%. This is an increase from Macquarie Infrastructure’s previous quarterly dividend of $1.32. Macquarie Infrastructure’s dividend payout ratio is currently 255.56%.
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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