American National Insurance Co. TX Continues to Hold Position in Macquarie Infrastructure Company (NYSE:MIC)

American National Insurance Co. TX continued to hold its stake in shares of Macquarie Infrastructure Company (NYSE:MIC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,200 shares of the conglomerate’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Macquarie Infrastructure were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MIC. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Macquarie Infrastructure by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,622 shares of the conglomerate’s stock valued at $937,000 after buying an additional 31 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Macquarie Infrastructure by 0.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,107 shares of the conglomerate’s stock valued at $573,000 after buying an additional 41 shares during the period. San Francisco Sentry Investment Group CA increased its stake in shares of Macquarie Infrastructure by 1.9% in the first quarter. San Francisco Sentry Investment Group CA now owns 2,685 shares of the conglomerate’s stock valued at $216,000 after buying an additional 50 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of Macquarie Infrastructure by 3.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,078 shares of the conglomerate’s stock valued at $157,000 after buying an additional 73 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Macquarie Infrastructure by 1.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,532 shares of the conglomerate’s stock valued at $445,000 after buying an additional 75 shares during the period. 86.15% of the stock is owned by institutional investors.

Macquarie Infrastructure Company (NYSE:MIC) traded up 0.38% during mid-day trading on Friday, hitting $72.11. 849,260 shares of the stock were exchanged. Macquarie Infrastructure Company has a one year low of $71.23 and a one year high of $85.45. The company has a 50-day moving average price of $75.98 and a 200-day moving average price of $77.93. The company has a market cap of $5.96 billion, a P/E ratio of 34.67 and a beta of 0.92.

Macquarie Infrastructure (NYSE:MIC) last issued its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.26. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. The business had revenue of $438.99 million for the quarter, compared to analyst estimates of $416.50 million. On average, analysts predict that Macquarie Infrastructure Company will post $1.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were given a dividend of $1.38 per share. The ex-dividend date was Thursday, August 10th. This is a boost from Macquarie Infrastructure’s previous quarterly dividend of $1.32. This represents a $5.52 dividend on an annualized basis and a dividend yield of 7.65%. Macquarie Infrastructure’s payout ratio is currently 255.56%.

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Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Barclays PLC downgraded shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and decreased their price target for the stock from $89.00 to $83.00 in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $88.75.

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.

Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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