Macquarie Infrastructure Company (NYSE:MIC) has been given an average recommendation of “Hold” by the six analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $89.33.

Several research analysts have commented on the company. BidaskClub downgraded Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded Macquarie Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Barclays PLC downgraded Macquarie Infrastructure from an “overweight” rating to a “hold” rating and cut their target price for the stock from $89.00 to $83.00 in a report on Tuesday, July 18th.

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Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Macquarie Infrastructure by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,527,430 shares of the conglomerate’s stock valued at $511,751,000 after purchasing an additional 213,571 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Macquarie Infrastructure by 4.4% in the 2nd quarter. Macquarie Group Ltd. now owns 5,107,417 shares of the conglomerate’s stock valued at $400,421,000 after purchasing an additional 216,097 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Macquarie Infrastructure by 0.6% in the 2nd quarter. Principal Financial Group Inc. now owns 2,468,616 shares of the conglomerate’s stock valued at $193,540,000 after purchasing an additional 14,255 shares during the period. State Street Corp lifted its stake in shares of Macquarie Infrastructure by 4.7% in the 2nd quarter. State Street Corp now owns 1,831,999 shares of the conglomerate’s stock valued at $143,638,000 after purchasing an additional 82,988 shares during the period. Finally, Selz Capital LLC lifted its stake in shares of Macquarie Infrastructure by 1.7% in the 2nd quarter. Selz Capital LLC now owns 1,041,049 shares of the conglomerate’s stock valued at $81,618,000 after purchasing an additional 17,029 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Shares of Macquarie Infrastructure (NYSE MIC) traded up 0.16% during trading on Tuesday, hitting $74.60. The stock had a trading volume of 378,148 shares. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 35.87 and a beta of 0.87. The stock has a 50 day moving average price of $74.63 and a 200-day moving average price of $77.54. Macquarie Infrastructure has a one year low of $71.23 and a one year high of $85.45.

Macquarie Infrastructure (NYSE:MIC) last announced its earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.26. The company had revenue of $438.99 million for the quarter, compared to analyst estimates of $416.50 million. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. On average, equities research analysts predict that Macquarie Infrastructure will post $1.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 7.40%. This is an increase from Macquarie Infrastructure’s previous quarterly dividend of $1.32. The ex-dividend date was Thursday, August 10th. Macquarie Infrastructure’s payout ratio is currently 255.56%.

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.

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