Macquarie Infrastructure Corp (MIC) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its stake in shares of Macquarie Infrastructure Corp (NYSE:MIC) by 29.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,887 shares of the conglomerate’s stock after selling 9,820 shares during the quarter. Tredje AP fonden’s holdings in Macquarie Infrastructure were worth $1,724,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. World Asset Management Inc boosted its stake in shares of Macquarie Infrastructure by 0.3% in the 2nd quarter. World Asset Management Inc now owns 2,736 shares of the conglomerate’s stock valued at $215,000 after purchasing an additional 9 shares during the last quarter. US Bancorp DE boosted its stake in shares of Macquarie Infrastructure by 1.0% in 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. Comerica Bank boosted its stake in shares of Macquarie Infrastructure by 2.0% in the 2nd quarter. Comerica Bank now owns 3,158 shares of the conglomerate’s stock valued at $240,000 after purchasing an additional 63 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Macquarie Infrastructure by 0.5% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,124 shares of the conglomerate’s stock valued at $1,421,000 after purchasing an additional 83 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Macquarie Infrastructure by 3.6% in the 2nd quarter. Toronto Dominion Bank now owns 3,056 shares of the conglomerate’s stock valued at $240,000 after purchasing an additional 107 shares during the last quarter. 76.41% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Norman H. Brown, Jr. sold 1,732 shares of Macquarie Infrastructure stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $65.87, for a total transaction of $114,086.84. Following the transaction, the director now owns 49,076 shares of the company’s stock, valued at approximately $3,232,636.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.90% of the stock is owned by company insiders.

Several brokerages have recently issued reports on MIC. Zacks Investment Research lowered shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. BidaskClub lowered shares of Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, SunTrust Banks reduced their target price on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Macquarie Infrastructure presently has a consensus rating of “Hold” and an average target price of $83.75.

Shares of Macquarie Infrastructure Corp (MIC) traded down $0.51 during midday trading on Thursday, hitting $65.60. 578,000 shares of the stock traded hands, compared to its average volume of 599,738. Macquarie Infrastructure Corp has a one year low of $63.08 and a one year high of $83.66. The company has a market cap of $5,590.53, a price-to-earnings ratio of 31.04 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 1.11.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were paid a dividend of $1.42 per share. This is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend was Friday, November 10th. This represents a $5.68 annualized dividend and a yield of 8.66%. Macquarie Infrastructure’s dividend payout ratio (DPR) is presently 266.67%.

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Macquarie Infrastructure 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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