Walter & Keenan Financial Consulting Co. MI ADV purchased a new stake in Macquarie Infrastructure Company (NYSE:MIC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,300 shares of the conglomerate’s stock, valued at approximately $416,000.

A number of other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Macquarie Infrastructure by 10.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 287,446 shares of the conglomerate’s stock valued at $22,536,000 after buying an additional 28,029 shares during the period. Trexquant Investment LP acquired a new position in shares of Macquarie Infrastructure during the second quarter valued at $517,000. Rockland Trust Co. acquired a new position in shares of Macquarie Infrastructure during the second quarter valued at $1,544,000. Shine Investment Advisory Services Inc. acquired a new position in shares of Macquarie Infrastructure during the second quarter valued at $165,000. Finally, American Assets Capital Advisers increased its position in shares of Macquarie Infrastructure by 67.3% in the second quarter. American Assets Capital Advisers now owns 145,254 shares of the conglomerate’s stock valued at $11,425,000 after buying an additional 58,418 shares during the period. Institutional investors own 86.02% of the company’s stock.

Shares of Macquarie Infrastructure Company (NYSE:MIC) opened at 75.48 on Thursday. The firm has a market cap of $6.22 billion, a PE ratio of 36.29 and a beta of 0.92. Macquarie Infrastructure Company has a 52 week low of $73.24 and a 52 week high of $85.45. The stock’s 50 day moving average is $76.89 and its 200-day moving average is $78.27.

Macquarie Infrastructure (NYSE:MIC) last released its quarterly 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. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. The company had revenue of $438.99 million for the quarter, compared to analysts’ expectations of $416.50 million. On average, equities analysts predict that Macquarie Infrastructure Company will post $1.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 14th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 7.31%. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from Macquarie Infrastructure’s previous quarterly dividend of $1.32. Macquarie Infrastructure’s dividend payout ratio is 244.45%.

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Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Macquarie Infrastructure from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Barclays PLC downgraded shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and cut their price target for the stock from $89.00 to $83.00 in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently 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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Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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