Teacher Retirement System of Texas purchased a new position in shares of Macquarie Infrastructure Company (NYSE:MIC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 84,966 shares of the conglomerate’s stock, valued at approximately $6,133,000. Teacher Retirement System of Texas owned about 0.10% of Macquarie Infrastructure as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. World Asset Management Inc raised its stake in shares of Macquarie Infrastructure by 0.3% during the 2nd quarter. World Asset Management Inc now owns 2,736 shares of the conglomerate’s stock worth $215,000 after buying an additional 9 shares during the last quarter. US Bancorp DE raised its stake 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 worth $211,000 after buying an additional 26 shares during the last quarter. Comerica Bank raised its stake in shares of Macquarie Infrastructure by 2.0% during the 2nd quarter. Comerica Bank now owns 3,158 shares of the conglomerate’s stock worth $240,000 after buying an additional 63 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Macquarie Infrastructure by 0.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,124 shares of the conglomerate’s stock worth $1,421,000 after buying an additional 83 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in 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. 79.61% of the stock is owned by institutional investors and hedge funds.
Macquarie Infrastructure Company (MIC) opened at $64.39 on Friday. Macquarie Infrastructure Company has a one year low of $63.08 and a one year high of $83.66. The firm has a market cap of $5,445.08, a PE ratio of 30.23 and a beta of 0.87. 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 announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were paid a $1.42 dividend. This is an increase 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 8.82%. Macquarie Infrastructure’s payout ratio is presently 266.67%.
Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub raised shares of Macquarie Infrastructure from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Finally, SunTrust Banks, Inc. cut their target price on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $83.75.
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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.
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