Fort Washington Investment Advisors Inc. OH grew its holdings in Macquarie Infrastructure Company (NYSE:MIC) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,900 shares of the conglomerate’s stock after purchasing an additional 1,500 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Macquarie Infrastructure were worth $1,795,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Ffcm LLC grew its position in Macquarie Infrastructure by 122.1% during the second quarter. Ffcm LLC now owns 2,010 shares of the conglomerate’s stock worth $159,000 after buying an additional 1,105 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Macquarie Infrastructure by 412.5% during the first quarter. Daiwa Securities Group Inc. now owns 2,050 shares of the conglomerate’s stock worth $165,000 after purchasing an additional 1,650 shares during the period. Shine Investment Advisory Services Inc. bought a new position in Macquarie Infrastructure during the second quarter worth about $165,000. Benjamin F. Edwards & Company Inc. lifted its stake in Macquarie Infrastructure by 13.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,268 shares of the conglomerate’s stock worth $178,000 after purchasing an additional 271 shares during the period. Finally, Almanack Investment Partners LLC. bought a new position in Macquarie Infrastructure during the first quarter worth about $198,000. 80.74% of the stock is currently owned by institutional investors.
Shares of Macquarie Infrastructure Company (NYSE:MIC) opened at 73.72 on Friday. Macquarie Infrastructure Company has a 12 month low of $71.23 and a 12 month high of $85.45. The company has a market capitalization of $6.09 billion, a PE ratio of 35.44 and a beta of 0.87. The firm’s 50-day moving average is $73.79 and its 200 day moving average is $77.26.
Macquarie Infrastructure (NYSE:MIC) last released its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.26). Macquarie Infrastructure had a net margin of 10.12% and a return on equity of 5.71%. The firm had revenue of $438.99 million for the quarter, compared to the consensus estimate of $416.50 million. Equities research analysts predict that Macquarie Infrastructure Company will post $1.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were given a $1.38 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $5.52 annualized dividend and a dividend yield of 7.49%. This is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.32. Macquarie Infrastructure’s payout ratio is 255.56%.
A number of research analysts have recently issued reports on MIC shares. BidaskClub cut shares of Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, Barclays PLC cut shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and dropped their price objective for the stock from $89.00 to $83.00 in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently 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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