Macquarie Infrastructure Company (MIC) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Macquarie Infrastructure Company (NYSE:MIC) by 7.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,487 shares of the conglomerate’s stock after selling 1,959 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Macquarie Infrastructure were worth $1,767,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ffcm LLC increased its stake in Macquarie Infrastructure by 122.1% in the 2nd quarter. Ffcm LLC now owns 2,010 shares of the conglomerate’s stock worth $159,000 after acquiring an additional 1,105 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of Macquarie Infrastructure during the 2nd quarter valued at about $165,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Macquarie Infrastructure by 13.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,268 shares of the conglomerate’s stock valued at $178,000 after purchasing an additional 271 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Macquarie Infrastructure during the 2nd quarter valued at about $206,000. Finally, US Bancorp DE increased its position in shares of Macquarie Infrastructure by 1.0% during the 2nd quarter. US Bancorp DE now owns 2,693 shares of the conglomerate’s stock valued at $211,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 72.91% of the company’s stock.
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Several equities analysts have recently commented on the company. Zacks Investment Research lowered Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Saturday, November 18th. SunTrust Banks, Inc. reduced their price objective on Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, BidaskClub lowered Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Macquarie Infrastructure currently has an average rating of “Hold” and an average price target of $83.75.
Macquarie Infrastructure Company (NYSE:MIC) opened at $65.24 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $5,493.28, a PE ratio of 30.50 and a beta of 0.87. Macquarie Infrastructure Company has a 1 year low of $63.08 and a 1 year high of $83.66.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, November 10th. This is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 8.71%. Macquarie Infrastructure’s dividend payout ratio is 266.67%.
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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