Public Employees Retirement Association of Colorado raised its position in shares of Macquarie Infrastructure Company (NYSE:MIC) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 18,124 shares of the conglomerate’s stock after buying an additional 83 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Macquarie Infrastructure were worth $1,421,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MIC. Vanguard Group Inc. boosted its stake in Macquarie Infrastructure by 9.5% in the first quarter. Vanguard Group Inc. now owns 6,313,859 shares of the conglomerate’s stock valued at $508,770,000 after buying an additional 545,647 shares during the last quarter. RidgeWorth Capital Management LLC boosted its stake in Macquarie Infrastructure by 99.2% in the first quarter. RidgeWorth Capital Management LLC now owns 765,525 shares of the conglomerate’s stock valued at $61,686,000 after buying an additional 381,175 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Macquarie Infrastructure by 7.9% in the first quarter. Macquarie Group Ltd. now owns 4,891,320 shares of the conglomerate’s stock valued at $394,143,000 after buying an additional 356,949 shares during the last quarter. Janus Capital Management LLC boosted its stake in Macquarie Infrastructure by 685.6% in the first quarter. Janus Capital Management LLC now owns 369,225 shares of the conglomerate’s stock valued at $29,752,000 after buying an additional 322,225 shares during the last quarter. Finally, State Street Corp boosted its stake in Macquarie Infrastructure by 18.2% in the first quarter. State Street Corp now owns 1,749,011 shares of the conglomerate’s stock valued at $140,932,000 after buying an additional 269,761 shares during the last quarter. Institutional investors and hedge funds own 86.02% of the company’s stock.

Shares of Macquarie Infrastructure Company (NYSE:MIC) opened at 73.47 on Friday. The firm has a market capitalization of $6.07 billion, a PE ratio of 35.32 and a beta of 0.92. Macquarie Infrastructure Company has a 52-week low of $73.01 and a 52-week high of $85.45. The company’s 50-day moving average is $76.69 and its 200 day moving average is $78.17.

Macquarie Infrastructure (NYSE:MIC) last released its earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.26. The firm had revenue of $438.99 million during the quarter, compared to analysts’ expectations of $416.50 million. Macquarie Infrastructure had a net margin of 10.12% and a return on equity of 5.71%. Equities analysts expect that Macquarie Infrastructure Company will post $1.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 14th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 7.51%. This is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, August 10th. Macquarie Infrastructure’s dividend payout ratio is 255.56%.

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MIC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, April 15th. BidaskClub upgraded shares of Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Barclays PLC cut shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and cut their price objective for the stock from $89.00 to $83.00 in a research report 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 company. The stock presently has a consensus rating of “Hold” and a consensus target price of $88.75.

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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Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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