Macquarie Infrastructure Corp (NYSE:MIC) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $83.67.

MIC has been the subject of a number of research reports. Zacks Investment Research raised shares of Macquarie Infrastructure from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a report on Wednesday, October 4th. SunTrust Banks dropped their target price on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a report on Wednesday, November 15th.

Macquarie Infrastructure (NYSE:MIC) traded down $0.51 during trading on Thursday, hitting $65.10. 729,610 shares of the stock were exchanged, compared to its average volume of 601,551. Macquarie Infrastructure has a fifty-two week low of $63.08 and a fifty-two week high of $83.66. The stock has a market capitalization of $5,527.95, a price-to-earnings ratio of 30.69 and a beta of 0.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 0.93.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were issued a dividend of $1.42 per share. This is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.38. The ex-dividend date was Friday, November 10th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 8.73%. Macquarie Infrastructure’s dividend payout ratio is presently 266.67%.

In other news, Director Norman H. Brown, Jr. sold 2,151 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $66.07, for a total transaction of $142,116.57. Following the transaction, the director now owns 46,925 shares of the company’s stock, valued at approximately $3,100,334.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $65.87, for a total transaction of $114,086.84. Following the transaction, the director now directly owns 49,076 shares in the company, valued at approximately $3,232,636.12. The disclosure for this sale can be found here. 5.90% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. World Asset Management Inc boosted its position in shares of Macquarie Infrastructure by 0.3% during the 2nd quarter. World Asset Management Inc now owns 2,736 shares of the conglomerate’s stock valued at $215,000 after acquiring an additional 9 shares during the last quarter. US Bancorp DE boosted its position in shares of Macquarie Infrastructure by 1.0% during the 2nd quarter. US Bancorp DE now owns 2,693 shares of the conglomerate’s stock valued at $211,000 after acquiring an additional 26 shares during the last quarter. Comerica Bank boosted its position in shares of Macquarie Infrastructure by 2.0% during the 2nd quarter. Comerica Bank now owns 3,158 shares of the conglomerate’s stock valued at $240,000 after acquiring an additional 63 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Macquarie Infrastructure by 0.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,124 shares of the conglomerate’s stock valued at $1,421,000 after acquiring an additional 83 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Macquarie Infrastructure by 3.6% during the 2nd quarter. Toronto Dominion Bank now owns 3,056 shares of the conglomerate’s stock valued at $240,000 after acquiring an additional 107 shares during the last quarter. 76.41% of the stock is currently owned by hedge funds and other institutional investors.

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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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