Wells Fargo & Co reiterated their market perform rating on shares of Macquarie Infrastructure (NYSE:MIC) in a research report sent to investors on Friday, Marketbeat.com reports.
Other analysts have also issued reports about the stock. SunTrust Banks decreased their target price on shares of Macquarie Infrastructure to $75.00 and set a buy rating on the stock in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Macquarie Infrastructure from a sell rating to a hold rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. lowered shares of Macquarie Infrastructure from an overweight rating to a neutral rating in a research report on Thursday, February 22nd. Finally, Alembic Global Advisors reiterated a sell rating on shares of Macquarie Infrastructure in a research report on Thursday, February 22nd. Three 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 has an average rating of Hold and a consensus target price of $79.50.
Shares of Macquarie Infrastructure (NYSE MIC) opened at $43.46 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. Macquarie Infrastructure has a 12-month low of $37.03 and a 12-month high of $81.74. The firm has a market cap of $3,680.00, a PE ratio of 28.41 and a beta of 0.87.
In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 2,151 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $66.07, for a total value of $142,116.57. Following the transaction, the director now directly owns 46,925 shares in the company, valued at $3,100,334.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.90% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in MIC. Brandywine Global Investment Management LLC acquired a new position in Macquarie Infrastructure in the fourth quarter valued at about $78,085,000. Atlantic Trust Group LLC boosted its position in Macquarie Infrastructure by 7,024.8% in the third quarter. Atlantic Trust Group LLC now owns 799,259 shares of the conglomerate’s stock valued at $57,689,000 after buying an additional 788,041 shares in the last quarter. Ascend Capital LLC boosted its position in Macquarie Infrastructure by 576.6% in the fourth quarter. Ascend Capital LLC now owns 684,005 shares of the conglomerate’s stock valued at $43,912,000 after buying an additional 582,907 shares in the last quarter. Virtus Fund Advisers LLC boosted its position in Macquarie Infrastructure by 40.5% in the fourth quarter. Virtus Fund Advisers LLC now owns 1,399,650 shares of the conglomerate’s stock valued at $89,858,000 after buying an additional 403,400 shares in the last quarter. Finally, Bamco Inc. NY boosted its position in Macquarie Infrastructure by 104.9% in the fourth quarter. Bamco Inc. NY now owns 624,519 shares of the conglomerate’s stock valued at $40,094,000 after buying an additional 319,797 shares in the last quarter. Hedge funds and other institutional investors own 77.66% of the company’s stock.
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.
Receive News & Ratings for Macquarie Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macquarie Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.