Macquarie Infrastructure Corp (NYSE:MIC) Major Shareholder Buys $17,835.18 in Stock

Macquarie Infrastructure Corp (NYSE:MIC) major shareholder Group Ltd Macquarie purchased 443 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average price of $40.26 per share, for a total transaction of $17,835.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Group Ltd Macquarie also recently made the following trade(s):

  • On Monday, June 17th, Group Ltd Macquarie sold 191 shares of Macquarie Infrastructure stock. The shares were sold at an average price of $40.47, for a total value of $7,729.77.
  • On Thursday, June 13th, Group Ltd Macquarie sold 113 shares of Macquarie Infrastructure stock. The shares were sold at an average price of $40.91, for a total value of $4,622.83.

MIC stock traded up $0.05 during trading on Thursday, hitting $41.31. The stock had a trading volume of 343,100 shares, compared to its average volume of 652,077. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.67 and a quick ratio of 1.64. Macquarie Infrastructure Corp has a twelve month low of $33.71 and a twelve month high of $47.74. The stock has a market cap of $3.55 billion, a PE ratio of 19.49 and a beta of 1.35. The business’s 50-day moving average price is $40.70.

Macquarie Infrastructure (NYSE:MIC) last posted its quarterly earnings data on Wednesday, May 1st. The conglomerate reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.18. Macquarie Infrastructure had a return on equity of 8.18% and a net margin of 6.93%. The company had revenue of $482.00 million for the quarter, compared to analysts’ expectations of $488.00 million. As a group, equities analysts anticipate that Macquarie Infrastructure Corp will post 4.8 earnings per share for the current fiscal year.

MIC has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 485 ($6.34) price objective on shares of in a research report on Tuesday, July 9th. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Barclays set a €45.00 ($52.33) price target on Zalando and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.33.

Several institutional investors have recently modified their holdings of the company. Quad Cities Investment Group LLC raised its position in shares of Macquarie Infrastructure by 128.0% during the 1st quarter. Quad Cities Investment Group LLC now owns 684 shares of the conglomerate’s stock valued at $28,000 after buying an additional 384 shares during the period. Nordea Investment Management AB acquired a new position in Macquarie Infrastructure in the fourth quarter valued at $28,000. Bronfman E.L. Rothschild L.P. boosted its stake in Macquarie Infrastructure by 63.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 770 shares of the conglomerate’s stock valued at $28,000 after acquiring an additional 299 shares in the last quarter. Sage Capital Advisors llc acquired a new stake in shares of Macquarie Infrastructure during the fourth quarter worth about $31,000. Finally, Advisory Services Network LLC boosted its stake in shares of Macquarie Infrastructure by 209.6% during the fourth quarter. Advisory Services Network LLC now owns 1,548 shares of the conglomerate’s stock worth $57,000 after buying an additional 1,048 shares during the period. Institutional investors and hedge funds own 73.86% of the company’s stock.

Macquarie Infrastructure Company Profile

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada.

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