Capital Innovations LLC Raises Holdings in Macquarie Infrastructure Company (MIC)

Capital Innovations LLC boosted its position in shares of Macquarie Infrastructure Company (NYSE:MIC) by 19.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,620 shares of the conglomerate’s stock after purchasing an additional 1,260 shares during the period. Macquarie Infrastructure makes up 2.3% of Capital Innovations LLC’s holdings, making the stock its 9th biggest holding. Capital Innovations LLC’s holdings in Macquarie Infrastructure were worth $597,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Macquarie Infrastructure by 3.4% during the second quarter. Vanguard Group Inc. now owns 6,527,430 shares of the conglomerate’s stock worth $511,751,000 after purchasing an additional 213,571 shares during the period. Macquarie Group Ltd. raised its stake in Macquarie Infrastructure by 4.4% during the second quarter. Macquarie Group Ltd. now owns 5,107,417 shares of the conglomerate’s stock worth $400,421,000 after purchasing an additional 216,097 shares during the period. Principal Financial Group Inc. raised its stake in Macquarie Infrastructure by 0.6% during the second quarter. Principal Financial Group Inc. now owns 2,468,616 shares of the conglomerate’s stock worth $193,540,000 after purchasing an additional 14,255 shares during the period. State Street Corp raised its stake in Macquarie Infrastructure by 4.7% during the second quarter. State Street Corp now owns 1,831,999 shares of the conglomerate’s stock worth $143,638,000 after purchasing an additional 82,988 shares during the period. Finally, Selz Capital LLC raised its stake in Macquarie Infrastructure by 1.7% during the second quarter. Selz Capital LLC now owns 1,041,049 shares of the conglomerate’s stock worth $81,618,000 after purchasing an additional 17,029 shares during the period. 80.53% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on MIC shares. Zacks Investment Research raised shares of Macquarie Infrastructure from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Tuesday, July 18th. BidaskClub raised shares of Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Barclays PLC downgraded shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and reduced their target price for the stock from $89.00 to $83.00 in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $88.00.

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Macquarie Infrastructure Company (MIC) traded down 0.48% during midday trading on Tuesday, hitting $72.20. 183,379 shares of the stock were exchanged. The firm has a 50 day moving average of $73.14 and a 200-day moving average of $76.72. Macquarie Infrastructure Company has a 12-month low of $71.23 and a 12-month high of $85.45. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 34.71 and a beta of 0.88.

Macquarie Infrastructure (NYSE:MIC) last released its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share (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 firm had revenue of $438.99 million for the quarter, compared to analyst estimates of $416.50 million. On average, equities analysts expect that Macquarie Infrastructure Company will post $1.89 earnings per share for the current year.

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.

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

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