Macquarie Infrastructure Company (MIC) Stake Held by Capital World Investors
Capital World Investors continued to hold its position in shares of Macquarie Infrastructure Company (NYSE:MIC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,170,000 shares of the conglomerate’s stock at the end of the second quarter. Capital World Investors owned about 3.83% of Macquarie Infrastructure worth $248,528,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of MIC. World Asset Management Inc boosted its holdings in Macquarie Infrastructure by 3.2% in the first quarter. World Asset Management Inc now owns 2,727 shares of the conglomerate’s stock valued at $220,000 after acquiring an additional 84 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Macquarie Infrastructure by 24.3% in the first quarter. UBS Asset Management Americas Inc. now owns 173,715 shares of the conglomerate’s stock valued at $13,998,000 after acquiring an additional 34,008 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Macquarie Infrastructure by 0.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,107 shares of the conglomerate’s stock valued at $573,000 after acquiring an additional 41 shares during the last quarter. AXA bought a new position in Macquarie Infrastructure in the first quarter valued at about $306,000. Finally, Van ECK Associates Corp bought a new position in Macquarie Infrastructure in the first quarter valued at about $290,000. Institutional investors and hedge funds own 80.53% of the company’s stock.
Macquarie Infrastructure Company (NYSE:MIC) opened at 72.75 on Thursday. The company has a market cap of $6.01 billion, a PE ratio of 34.98 and a beta of 0.88. Macquarie Infrastructure Company has a one year low of $71.23 and a one year high of $85.45. The firm’s 50-day moving average price is $73.08 and its 200-day moving average price is $76.89.
Macquarie Infrastructure (NYSE:MIC) last released its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $416.50 million. On average, equities research analysts forecast that Macquarie Infrastructure Company will post $1.89 earnings per share for the current fiscal year.
Several research firms recently issued reports on MIC. BidaskClub upgraded Macquarie Infrastructure from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded Macquarie Infrastructure from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, July 18th. Finally, Barclays PLC cut 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 report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $88.00.
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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