Axa Acquires 2,100 Shares of Macquarie Infrastructure Corp (MIC)

Axa lifted its holdings in Macquarie Infrastructure Corp (NYSE:MIC) by 30.9% during the 4th quarter, Holdings Channel reports. The firm owned 8,900 shares of the conglomerate’s stock after acquiring an additional 2,100 shares during the quarter. Axa’s holdings in Macquarie Infrastructure were worth $572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MIC. Global Financial Private Capital LLC increased its position in shares of Macquarie Infrastructure by 21.5% in the fourth quarter. Global Financial Private Capital LLC now owns 7,028 shares of the conglomerate’s stock worth $451,000 after acquiring an additional 1,243 shares in the last quarter. First Washington CORP increased its position in shares of Macquarie Infrastructure by 22.7% in the fourth quarter. First Washington CORP now owns 115,730 shares of the conglomerate’s stock worth $7,430,000 after acquiring an additional 21,410 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Macquarie Infrastructure by 24.5% in the third quarter. California Public Employees Retirement System now owns 135,212 shares of the conglomerate’s stock worth $9,760,000 after acquiring an additional 26,612 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Macquarie Infrastructure by 10.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 331,817 shares of the conglomerate’s stock worth $21,303,000 after acquiring an additional 32,090 shares in the last quarter. Finally, Berson & Corrado Investment Advisors LLC increased its position in shares of Macquarie Infrastructure by 33.9% in the fourth quarter. Berson & Corrado Investment Advisors LLC now owns 81,331 shares of the conglomerate’s stock worth $5,221,000 after acquiring an additional 20,582 shares in the last quarter. 76.24% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Royal Bank of Canada dropped their target price on shares of Macquarie Infrastructure to $55.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Alembic Global Advisors reissued a “sell” rating on shares of Macquarie Infrastructure in a research report on Thursday, February 22nd. Finally, Wells Fargo reissued a “market perform” rating on shares of Macquarie Infrastructure in a research report on Friday, February 23rd. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $74.25.

Macquarie Infrastructure stock opened at $36.94 on Friday. Macquarie Infrastructure Corp has a 1 year low of $36.81 and a 1 year high of $81.74. The company has a market cap of $3,123.89, a P/E ratio of 6.88 and a beta of 1.24. 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 (NYSE:MIC) last announced its quarterly earnings data on Wednesday, February 21st. The conglomerate reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.02). Macquarie Infrastructure had a net margin of 24.86% and a return on equity of 4.83%. The company had revenue of $471.21 million for the quarter, compared to analysts’ expectations of $452.30 million. equities analysts anticipate that Macquarie Infrastructure Corp will post 2.25 EPS for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Thursday, March 8th. Investors of record on Monday, March 5th were given a dividend of $1.44 per share. The ex-dividend date of this dividend was Friday, March 2nd. This is an increase from Macquarie Infrastructure’s previous dividend of $1.11. Macquarie Infrastructure’s payout ratio is presently 107.26%.

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

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