Macquarie Infrastructure Corp (NYSE:MIC) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its stake in Macquarie Infrastructure Corp (NYSE:MIC) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,766 shares of the conglomerate’s stock after purchasing an additional 359 shares during the quarter. California State Teachers Retirement System’s holdings in Macquarie Infrastructure were worth $5,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Macquarie Infrastructure by 63.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 770 shares of the conglomerate’s stock valued at $28,000 after purchasing an additional 299 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Macquarie Infrastructure in the 4th quarter valued at $28,000. Quad Cities Investment Group LLC boosted its holdings in shares of Macquarie Infrastructure by 128.0% in the 1st quarter. Quad Cities Investment Group LLC now owns 684 shares of the conglomerate’s stock valued at $28,000 after purchasing an additional 384 shares during the last quarter. Sage Capital Advisors llc acquired a new position in shares of Macquarie Infrastructure in the 4th quarter valued at $31,000. Finally, Advisory Services Network LLC raised its stake in shares of Macquarie Infrastructure by 209.6% in the 4th quarter. Advisory Services Network LLC now owns 1,548 shares of the conglomerate’s stock valued at $57,000 after acquiring an additional 1,048 shares during the period. Institutional investors own 73.86% of the company’s stock.

In other news, major shareholder Group Ltd Macquarie purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $40.61 per share, with a total value of $40,610.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 15.00% of the company’s stock.

A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd. Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research note on Wednesday, May 29th. Barclays downgraded shares of Macquarie Infrastructure from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $42.00 to $40.00 in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $41.00 target price (down previously from $45.00) on shares of Macquarie Infrastructure in a research note on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Macquarie Infrastructure presently has an average rating of “Hold” and an average target price of $46.67.

Shares of MIC stock opened at $40.84 on Thursday. Macquarie Infrastructure Corp has a 52 week low of $33.71 and a 52 week high of $47.74. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $3.48 billion, a PE ratio of 19.26 and a beta of 1.41.

Macquarie Infrastructure (NYSE:MIC) last issued its earnings results on Wednesday, May 1st. The conglomerate reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.18. Macquarie Infrastructure had a net margin of 6.93% and a return on equity of 8.18%. The business had revenue of $482.00 million for the quarter, compared to the consensus estimate of $488.00 million. On average, equities analysts expect that Macquarie Infrastructure Corp will post 4.75 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 13th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date of this dividend was Friday, May 10th. Macquarie Infrastructure’s dividend payout ratio is presently 188.68%.

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About Macquarie Infrastructure

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada.

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

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