Robeco Institutional Asset Management B.V. lessened its stake in shares of Macquarie Infrastructure Corp (NYSE:MIC) by 92.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,598 shares of the conglomerate’s stock after selling 20,381 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Macquarie Infrastructure were worth $102,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in Macquarie Infrastructure during the 2nd quarter valued at $404,000. California Public Employees Retirement System raised its holdings in Macquarie Infrastructure by 24.5% during the 3rd quarter. California Public Employees Retirement System now owns 135,212 shares of the conglomerate’s stock valued at $9,760,000 after buying an additional 26,612 shares during the period. Berson & Corrado Investment Advisors LLC grew its position in Macquarie Infrastructure by 33.9% in the 4th quarter. Berson & Corrado Investment Advisors LLC now owns 81,331 shares of the conglomerate’s stock valued at $5,221,000 after acquiring an additional 20,582 shares during the last quarter. Atlantic Trust Group LLC grew its position in Macquarie Infrastructure by 7,024.8% in the 3rd quarter. Atlantic Trust Group LLC now owns 799,259 shares of the conglomerate’s stock valued at $57,689,000 after acquiring an additional 788,041 shares during the last quarter. Finally, State Street Corp grew its position in Macquarie Infrastructure by 4.7% in the 2nd quarter. State Street Corp now owns 1,831,999 shares of the conglomerate’s stock valued at $143,638,000 after acquiring an additional 82,988 shares during the last quarter. Institutional investors own 75.97% of the company’s stock.
In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 2,151 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $66.07, for a total value of $142,116.57. Following the transaction, the director now owns 46,925 shares of the company’s stock, valued at approximately $3,100,334.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $65.87, for a total value of $114,086.84. Following the completion of the transaction, the director now directly owns 49,076 shares in the company, valued at approximately $3,232,636.12. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.
MIC has been the topic of several research analyst reports. SunTrust Banks cut 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. Zacks Investment Research downgraded Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $83.75.
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.
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