Public Employees Retirement System of Ohio raised its holdings in Macquarie Infrastructure Corp (NYSE:MIC) by 155.5% during the 4th quarter, HoldingsChannel reports. The firm owned 60,382 shares of the conglomerate’s stock after purchasing an additional 36,753 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Macquarie Infrastructure were worth $2,208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of Macquarie Infrastructure in the fourth quarter valued at about $27,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Macquarie Infrastructure by 63.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 770 shares of the conglomerate’s stock valued at $28,000 after purchasing an additional 299 shares in the last quarter. Sage Capital Advisors llc purchased a new position in shares of Macquarie Infrastructure during the fourth quarter valued at approximately $31,000. Bedel Financial Consulting Inc. purchased a new position in shares of Macquarie Infrastructure during the fourth quarter valued at approximately $53,000. Finally, Sontag Advisory LLC purchased a new position in shares of Macquarie Infrastructure during the fourth quarter valued at approximately $92,000. 76.59% of the stock is currently owned by institutional investors.

In other Macquarie Infrastructure news, major shareholder Group Ltd Macquarie acquired 1,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $40.61 per share, with a total value of $40,610.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.90% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on MIC. ValuEngine raised shares of Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Barclays set a $42.00 price objective on shares of Macquarie Infrastructure and gave the company a “hold” rating in a research note on Wednesday, January 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $41.00 price objective (down previously from $45.00) on shares of Macquarie Infrastructure in a research note on Thursday, February 21st. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.50.

Shares of MIC opened at $41.69 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.59 billion, a P/E ratio of 19.67 and a beta of 1.59. Macquarie Infrastructure Corp has a 1 year low of $33.71 and a 1 year high of $47.74.

Macquarie Infrastructure (NYSE:MIC) last announced its quarterly earnings data on Wednesday, February 20th. The conglomerate reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.09). The firm had revenue of $437.76 million for the quarter, compared to analysts’ expectations of $453.40 million. Macquarie Infrastructure had a net margin of 7.22% and a return on equity of 5.57%. On average, equities analysts predict that Macquarie Infrastructure Corp will post 2.91 EPS for the current year.

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Macquarie Infrastructure Profile

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada.

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

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