Atlantic Trust LLC decreased its stake in Macquarie Infrastructure Corp (NYSE:MIC) by 45.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,732 shares of the conglomerate’s stock after selling 11,262 shares during the quarter. Atlantic Trust LLC’s holdings in Macquarie Infrastructure were worth $579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MIC. Robeco Institutional Asset Management B.V. boosted its position in shares of Macquarie Infrastructure by 357.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 7,312 shares of the conglomerate’s stock valued at $270,000 after purchasing an additional 5,714 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Macquarie Infrastructure by 11.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 369,027 shares of the conglomerate’s stock valued at $13,629,000 after purchasing an additional 37,210 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Macquarie Infrastructure by 31.2% in the 1st quarter. Teacher Retirement System of Texas now owns 286,246 shares of the conglomerate’s stock valued at $10,571,000 after purchasing an additional 68,058 shares during the period. Tredje AP fonden boosted its position in shares of Macquarie Infrastructure by 24.9% in the 1st quarter. Tredje AP fonden now owns 19,880 shares of the conglomerate’s stock valued at $734,000 after purchasing an additional 3,960 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Macquarie Infrastructure by 160.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,832 shares of the conglomerate’s stock valued at $806,000 after purchasing an additional 13,442 shares during the period. Institutional investors and hedge funds own 71.52% of the company’s stock.

In other news, CFO Liam Stewart purchased 1,470 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was bought at an average cost of $47.51 per share, with a total value of $69,839.70. Following the purchase, the chief financial officer now directly owns 701 shares of the company’s stock, valued at $33,304.51. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George W. Carmany III purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were purchased at an average cost of $45.92 per share, with a total value of $45,920.00. Following the completion of the purchase, the director now directly owns 46,565 shares in the company, valued at $2,138,264.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,179,851 shares of company stock valued at $97,296,349 over the last 90 days. Corporate insiders own 6.90% of the company’s stock.

Shares of NYSE MIC opened at $46.26 on Tuesday. Macquarie Infrastructure Corp has a one year low of $36.20 and a one year high of $75.09. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 18.07 and a beta of 1.23. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.41 and a quick ratio of 2.35.

Macquarie Infrastructure (NYSE:MIC) last announced its quarterly earnings data on Wednesday, August 1st. The conglomerate reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. Macquarie Infrastructure had a return on equity of 6.32% and a net margin of 26.49%. The firm had revenue of $478.08 million during the quarter, compared to analyst estimates of $441.10 million. equities analysts expect that Macquarie Infrastructure Corp will post 2.38 EPS for the current year.

A number of brokerages have commented on MIC. Zacks Investment Research lowered Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Barclays raised their price objective on Macquarie Infrastructure from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 11th. SunTrust Banks set a $49.00 price objective on Macquarie Infrastructure and gave the stock a “hold” rating in a research report on Monday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on Macquarie Infrastructure from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Macquarie Infrastructure currently has an average rating of “Hold” and a consensus price target of $51.00.

Macquarie Infrastructure Profile

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils through a network of 19 marine 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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