Schroder Investment Management Group reduced its stake in Macquarie Infrastructure Corp (NYSE:MIC) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,377 shares of the conglomerate’s stock after selling 7,831 shares during the quarter. Schroder Investment Management Group owned about 0.13% of Macquarie Infrastructure worth $7,838,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its stake in Macquarie Infrastructure by 4,796.4% in the second quarter. Janus Henderson Group PLC now owns 339,470 shares of the conglomerate’s stock valued at $26,614,000 after purchasing an additional 332,537 shares during the last quarter. Macquarie Group Ltd. increased its stake in Macquarie Infrastructure by 4.5% during the third quarter. Macquarie Group Ltd. now owns 5,336,110 shares of the conglomerate’s stock worth $385,160,000 after acquiring an additional 228,693 shares during the last quarter. Cibc World Markets Corp increased its stake in Macquarie Infrastructure by 119.0% during the second quarter. Cibc World Markets Corp now owns 398,500 shares of the conglomerate’s stock worth $31,242,000 after acquiring an additional 216,500 shares during the last quarter. Vanguard Group Inc. increased its stake in Macquarie Infrastructure by 3.4% during the second quarter. Vanguard Group Inc. now owns 6,527,430 shares of the conglomerate’s stock worth $511,751,000 after acquiring an additional 213,571 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Macquarie Infrastructure during the third quarter worth about $14,683,000. Institutional investors and hedge funds own 76.41% of the company’s stock.

Several equities research analysts have commented on MIC shares. Zacks Investment Research upgraded Macquarie Infrastructure from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a research note on Wednesday, October 4th. SunTrust Banks dropped their price target on Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Macquarie Infrastructure has a consensus rating of “Hold” and a consensus target price of $83.75.

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

Shares of Macquarie Infrastructure Corp (NYSE MIC) opened at $65.37 on Friday. 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 Corp has a 12 month low of $63.08 and a 12 month high of $83.66. The stock has a market capitalization of $5,527.95, a PE ratio of 30.69 and a beta of 0.86.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were paid a $1.42 dividend. The ex-dividend date was Friday, November 10th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 8.69%. This is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.38. Macquarie Infrastructure’s dividend payout ratio (DPR) is 266.67%.

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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.

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

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