Renaissance Technologies LLC decreased its holdings in shares of Macquarie Infrastructure (NYSE:MIC) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 822,800 shares of the conglomerate’s stock after selling 69,800 shares during the quarter. Renaissance Technologies LLC owned about 0.97% of Macquarie Infrastructure worth $52,824,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Atlantic Trust Group LLC boosted its stake in Macquarie Infrastructure by 7,024.8% during the 3rd quarter. Atlantic Trust Group LLC now owns 799,259 shares of the conglomerate’s stock valued at $57,689,000 after purchasing an additional 788,041 shares during the period. Ascend Capital LLC lifted its stake in shares of Macquarie Infrastructure by 576.6% in the 4th quarter. Ascend Capital LLC now owns 684,005 shares of the conglomerate’s stock worth $43,912,000 after acquiring an additional 582,907 shares during the period. Virtus Fund Advisers LLC lifted its stake in shares of Macquarie Infrastructure by 40.5% in the 4th quarter. Virtus Fund Advisers LLC now owns 1,399,650 shares of the conglomerate’s stock worth $89,858,000 after acquiring an additional 403,400 shares during the period. Frontier Capital Management Co. LLC lifted its stake in shares of Macquarie Infrastructure by 82.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 611,237 shares of the conglomerate’s stock worth $39,241,000 after acquiring an additional 276,125 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in Macquarie Infrastructure by 48.4% during the third quarter. Westfield Capital Management Co. LP now owns 761,928 shares of the conglomerate’s stock valued at $54,996,000 after purchasing an additional 248,395 shares during the last quarter. Institutional investors and hedge funds own 76.33% of the company’s stock.
MIC has been the subject of several recent research reports. Barclays set a $41.00 target price on shares of Macquarie Infrastructure and gave the company a “hold” rating in a research note on Monday, March 26th. Zacks Investment Research upgraded shares of Macquarie Infrastructure from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. SunTrust Banks lowered shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Wells Fargo restated a “market perform” rating on shares of Macquarie Infrastructure in a research note on Friday, February 23rd. Finally, JPMorgan Chase lowered shares of Macquarie Infrastructure from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $63.75.
Shares of MIC stock traded down $0.99 during mid-day trading on Friday, reaching $38.39. The company’s stock had a trading volume of 1,249,125 shares, compared to its average volume of 2,024,438. The stock has a market cap of $3,265.54, a price-to-earnings ratio of 15.00 and a beta of 1.24. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.20. Macquarie Infrastructure has a 1-year low of $36.20 and a 1-year high of $81.74.
Macquarie Infrastructure (NYSE:MIC) last posted its quarterly earnings data on Wednesday, February 21st. The conglomerate reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.02). The company had revenue of $471.21 million during the quarter, compared to analyst estimates of $452.30 million. Macquarie Infrastructure had a net margin of 24.86% and a return on equity of 4.83%. sell-side analysts predict that Macquarie Infrastructure will post 2.39 earnings per share for the current year.
The company also recently disclosed a dividend, which was paid on Thursday, March 8th. Investors of record on Monday, March 5th were paid a dividend of $1.44 per share. This is a positive change from Macquarie Infrastructure’s previous dividend of $1.11. The ex-dividend date of this dividend was Friday, March 2nd. Macquarie Infrastructure’s dividend payout ratio (DPR) is presently 225.00%.
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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 four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils through a network of 19 marine terminals, including 17 in the United States and 2 in Canada.
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