Teacher Retirement System of Texas Takes Position in Macquarie Infrastructure Corp (MIC)

Teacher Retirement System of Texas bought a new stake in shares of Macquarie Infrastructure Corp (NYSE:MIC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 84,966 shares of the conglomerate’s stock, valued at approximately $6,133,000. Teacher Retirement System of Texas owned approximately 0.10% of Macquarie Infrastructure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Advisor Group Inc. raised its holdings in Macquarie Infrastructure by 24.4% during the third quarter. Advisor Group Inc. now owns 8,195 shares of the conglomerate’s stock valued at $592,000 after buying an additional 1,607 shares in the last quarter. Sei Investments Co. raised its holdings in Macquarie Infrastructure by 8.4% during the third quarter. Sei Investments Co. now owns 82,619 shares of the conglomerate’s stock valued at $5,963,000 after buying an additional 6,422 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Macquarie Infrastructure by 196.6% during the third quarter. BNP Paribas Arbitrage SA now owns 297,128 shares of the conglomerate’s stock valued at $21,447,000 after buying an additional 196,955 shares in the last quarter. Global X MANAGEMENT CO LLC raised its holdings in Macquarie Infrastructure by 7.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 14,387 shares of the conglomerate’s stock valued at $1,038,000 after buying an additional 1,031 shares in the last quarter. Finally, Advantus Capital Management Inc raised its holdings in Macquarie Infrastructure by 6.5% during the third quarter. Advantus Capital Management Inc now owns 102,211 shares of the conglomerate’s stock valued at $7,378,000 after buying an additional 6,200 shares in the last quarter. Institutional investors own 76.41% of the company’s stock.

In other news, Director Norman H. Brown, Jr. sold 1,732 shares of Macquarie Infrastructure stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $65.87, for a total value of $114,086.84. Following the transaction, the director now directly owns 49,076 shares in the company, valued at $3,232,636.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.90% of the company’s stock.

MIC has been the topic of a number of recent analyst reports. SunTrust Banks dropped their price objective on Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Zacks Investment Research lowered Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. Finally, BidaskClub lowered Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Macquarie Infrastructure presently has an average rating of “Hold” and an average price target of $83.75.

Macquarie Infrastructure Corp (NYSE:MIC) traded down $0.84 during trading on Monday, hitting $66.47. The stock had a trading volume of 954,177 shares, compared to its average volume of 600,210. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $5,692.01, a price-to-earnings ratio of 31.60 and a beta of 0.86. Macquarie Infrastructure Corp has a twelve month low of $63.08 and a twelve month high of $83.66.

The firm also recently disclosed 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 is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 8.55%. Macquarie Infrastructure’s payout ratio is presently 266.67%.

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Macquarie Infrastructure 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.

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

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