Macquarie Infrastructure Company (MIC) Stake Increased by Lee Financial Co
Lee Financial Co grew its holdings in shares of Macquarie Infrastructure Company (NYSE:MIC) by 9.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,239 shares of the conglomerate’s stock after acquiring an additional 1,916 shares during the period. Lee Financial Co’s holdings in Macquarie Infrastructure were worth $1,605,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. FMR LLC lifted its position in shares of Macquarie Infrastructure by 12.1% during the first quarter. FMR LLC now owns 57,900 shares of the conglomerate’s stock worth $4,666,000 after purchasing an additional 6,233 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Macquarie Infrastructure by 4.2% during the first quarter. Teachers Advisors LLC now owns 83,321 shares of the conglomerate’s stock worth $6,714,000 after purchasing an additional 3,341 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Macquarie Infrastructure by 0.4% during the first quarter. Public Employees Retirement System of Ohio now owns 36,097 shares of the conglomerate’s stock worth $2,909,000 after purchasing an additional 141 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Macquarie Infrastructure by 6.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 9,030 shares of the conglomerate’s stock worth $728,000 after purchasing an additional 540 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Macquarie Infrastructure by 4.6% during the second quarter. Xact Kapitalforvaltning AB now owns 6,329 shares of the conglomerate’s stock worth $496,000 after purchasing an additional 279 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.
Shares of Macquarie Infrastructure Company (NYSE MIC) traded down $0.59 during midday trading on Tuesday, reaching $65.59. 668,300 shares of the company’s stock were exchanged, compared to its average volume of 585,741. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. Macquarie Infrastructure Company has a 1 year low of $65.57 and a 1 year high of $83.66. The company has a market capitalization of $5,596.45, a PE ratio of 31.07 and a beta of 0.87.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 13th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $5.68 dividend on an annualized basis and a yield of 8.66%. This is a boost from Macquarie Infrastructure’s previous quarterly dividend of $1.38. Macquarie Infrastructure’s dividend payout ratio (DPR) is currently 266.67%.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Macquarie Infrastructure from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Tuesday, July 18th. Barclays PLC cut shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and reduced their price target for the stock from $89.00 to $83.00 in a research report on Tuesday, July 18th. Finally, BidaskClub raised shares of Macquarie Infrastructure from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $88.00.
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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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