BidaskClub upgraded shares of Macquarie Infrastructure Company (NYSE:MIC) from a strong sell rating to a sell rating in a research note published on Friday, August 4th.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Macquarie Infrastructure from a hold rating to a buy rating and set a $87.00 target price for the company in a research note on Tuesday, July 18th. Barclays PLC cut shares of Macquarie Infrastructure from an overweight rating to a hold rating and dropped their price objective for the company from $89.00 to $83.00 in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $88.75.
Macquarie Infrastructure (NYSE MIC) opened at 72.11 on Friday. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 34.67 and a beta of 0.92. Macquarie Infrastructure has a 12 month low of $71.23 and a 12 month high of $85.45. The stock’s 50 day moving average price is $75.80 and its 200-day moving average price is $77.91.
WARNING: “Macquarie Infrastructure Company (MIC) Raised to “Sell” at BidaskClub” was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/08/19/macquarie-infrastructure-company-mic-raised-to-sell-at-bidaskclub-updated.html.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a $1.38 dividend. This is a boost from Macquarie Infrastructure’s previous quarterly dividend of $1.32. The ex-dividend date was Thursday, August 10th. This represents a $5.52 annualized dividend and a dividend yield of 7.65%. Macquarie Infrastructure’s dividend payout ratio is 255.56%.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Macquarie Infrastructure by 3.4% in the second quarter. Vanguard Group Inc. now owns 6,527,430 shares of the conglomerate’s stock valued at $511,751,000 after buying an additional 213,571 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Macquarie Infrastructure by 4.4% in the second quarter. Macquarie Group Ltd. now owns 5,107,417 shares of the conglomerate’s stock valued at $400,421,000 after buying an additional 216,097 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Macquarie Infrastructure by 0.6% in the second quarter. Principal Financial Group Inc. now owns 2,468,616 shares of the conglomerate’s stock valued at $193,540,000 after buying an additional 14,255 shares in the last quarter. State Street Corp raised its position in shares of Macquarie Infrastructure by 4.7% in the second quarter. State Street Corp now owns 1,831,999 shares of the conglomerate’s stock valued at $143,638,000 after buying an additional 82,988 shares in the last quarter. Finally, Selz Capital LLC raised its position in shares of Macquarie Infrastructure by 1.7% in the second quarter. Selz Capital LLC now owns 1,041,049 shares of the conglomerate’s stock valued at $81,618,000 after buying an additional 17,029 shares in the last quarter. Hedge funds and other institutional investors own 86.15% of the company’s stock.
About Macquarie Infrastructure
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.
What are top analysts saying about Macquarie Infrastructure Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Macquarie Infrastructure Company and related companies.