United Capital Financial Advisers LLC decreased its stake in Macquarie Infrastructure Company (NYSE:MIC) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 213,094 shares of the conglomerate’s stock after selling 18,757 shares during the period. United Capital Financial Advisers LLC owned approximately 0.26% of Macquarie Infrastructure Company worth $17,171,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Gamco Investors INC. ET AL increased its position in shares of Macquarie Infrastructure Company by 0.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 562,389 shares of the conglomerate’s stock valued at $45,947,000 after buying an additional 5,041 shares in the last quarter. FMR LLC increased its stake in shares of Macquarie Infrastructure Company by 29.2% in the fourth quarter. FMR LLC now owns 51,667 shares of the conglomerate’s stock worth $4,221,000 after buying an additional 11,667 shares during the period. Martingale Asset Management L P increased its stake in shares of Macquarie Infrastructure Company by 6,232.5% in the fourth quarter. Martingale Asset Management L P now owns 310,734 shares of the conglomerate’s stock worth $25,388,000 after buying an additional 305,827 shares during the period. Tredje AP fonden acquired a new stake in shares of Macquarie Infrastructure Company during the fourth quarter worth about $234,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Macquarie Infrastructure Company by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 545,012 shares of the conglomerate’s stock worth $44,528,000 after buying an additional 38,894 shares during the period. Institutional investors and hedge funds own 86.52% of the company’s stock.
Shares of Macquarie Infrastructure Company (NYSE:MIC) traded down 1.36% during trading on Tuesday, reaching $77.13. The company’s stock had a trading volume of 348,989 shares. Macquarie Infrastructure Company has a 12-month low of $68.53 and a 12-month high of $85.45. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 38.49 and a beta of 0.90. The company has a 50 day moving average of $78.50 and a 200-day moving average of $79.57.
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A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Macquarie Infrastructure Company from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. SunTrust Banks, Inc. began coverage on Macquarie Infrastructure Company in a research report on Tuesday, March 21st. They set a “buy” rating and a $92.00 price target for the company. Barclays PLC raised their price objective on Macquarie Infrastructure Company from $81.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, February 23rd. Finally, Royal Bank Of Canada decreased their price objective on Macquarie Infrastructure Company from $98.00 to $93.00 and set an “outperform” rating on the stock in a report on Thursday, February 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $91.75.
Macquarie Infrastructure Company 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.
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