Mn Services Vermogensbeheer B.V. Buys 10,586 Shares of Macquarie Infrastructure Company (NYSE:MIC)
Mn Services Vermogensbeheer B.V. raised its position in Macquarie Infrastructure Company (NYSE:MIC) by 509.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,664 shares of the conglomerate’s stock after buying an additional 10,586 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Macquarie Infrastructure were worth $993,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Regent Investment Management LLC bought a new stake in shares of Macquarie Infrastructure during the first quarter worth $717,000. Winslow Evans & Crocker Inc. raised its stake in Macquarie Infrastructure by 4.7% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,426 shares of the conglomerate’s stock valued at $357,000 after buying an additional 200 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in Macquarie Infrastructure during the first quarter valued at approximately $2,240,000. Bank of Montreal Can raised its stake in Macquarie Infrastructure by 2.2% in the first quarter. Bank of Montreal Can now owns 194,928 shares of the conglomerate’s stock valued at $15,707,000 after buying an additional 4,271 shares during the last quarter. Finally, GW&K Investment Management LLC raised its stake in Macquarie Infrastructure by 4.5% in the first quarter. GW&K Investment Management LLC now owns 500,986 shares of the conglomerate’s stock valued at $40,369,000 after buying an additional 21,584 shares during the last quarter. Institutional investors own 86.02% of the company’s stock.
Shares of Macquarie Infrastructure Company (MIC) traded up 0.03% during mid-day trading on Monday, reaching $76.16. 590,108 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $77.16 and its 200-day moving average price is $78.50. The company has a market capitalization of $6.28 billion, a PE ratio of 36.62 and a beta of 0.92. Macquarie Infrastructure Company has a one year low of $73.24 and a one year high of $85.45.
Macquarie Infrastructure (NYSE:MIC) last issued its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.26. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. The company had revenue of $438.99 million for the quarter, compared to analyst estimates of $416.50 million. On average, equities analysts expect that Macquarie Infrastructure Company will post $1.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 14th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from Macquarie Infrastructure’s previous quarterly dividend of $1.32. This represents a $5.52 annualized dividend and a dividend yield of 7.25%. Macquarie Infrastructure’s dividend payout ratio (DPR) is currently 244.45%.
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MIC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub cut shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Barclays PLC cut shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and decreased their price objective for the company from $89.00 to $83.00 in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $88.75.
Macquarie Infrastructure Company 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.
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