Janus Henderson Group PLC Decreases Position in Macquarie Infrastructure Corp (MIC)

Janus Henderson Group PLC decreased its position in shares of Macquarie Infrastructure Corp (NYSE:MIC) by 98.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,551 shares of the conglomerate’s stock after selling 1,598,152 shares during the period. Janus Henderson Group PLC’s holdings in Macquarie Infrastructure were worth $1,342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MIC. Bronfman E.L. Rothschild L.P. lifted its stake in Macquarie Infrastructure by 63.5% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 770 shares of the conglomerate’s stock worth $28,000 after acquiring an additional 299 shares in the last quarter. Nordea Investment Management AB acquired a new position in Macquarie Infrastructure during the 4th quarter worth about $28,000. Quad Cities Investment Group LLC lifted its stake in Macquarie Infrastructure by 128.0% during the 1st quarter. Quad Cities Investment Group LLC now owns 684 shares of the conglomerate’s stock worth $28,000 after acquiring an additional 384 shares in the last quarter. Sage Capital Advisors llc acquired a new position in Macquarie Infrastructure during the 4th quarter worth about $31,000. Finally, Bedel Financial Consulting Inc. acquired a new position in Macquarie Infrastructure during the 4th quarter worth about $53,000. 75.80% of the stock is currently owned by hedge funds and other institutional investors.

In related news, major shareholder Group Ltd Macquarie purchased 1,000 shares of Macquarie Infrastructure stock in a transaction on Friday, March 15th. The shares were bought at an average price of $40.61 per share, with a total value of $40,610.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 15.00% of the stock is owned by company insiders.

MIC has been the topic of several research reports. ValuEngine lowered Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $41.00 target price (down previously from $45.00) on shares of Macquarie Infrastructure in a research note on Thursday, February 21st. Zacks Investment Research raised Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Tuesday, February 26th. Finally, Barclays lowered Macquarie Infrastructure from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $42.00 to $40.00 in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Macquarie Infrastructure currently has a consensus rating of “Hold” and an average target price of $47.17.

MIC stock opened at $41.21 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 19.44 and a beta of 1.56. Macquarie Infrastructure Corp has a 1 year low of $33.71 and a 1 year high of $47.74.

Macquarie Infrastructure (NYSE:MIC) last posted its quarterly earnings results on Wednesday, February 20th. The conglomerate reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The company had revenue of $437.76 million during the quarter, compared to analyst estimates of $453.40 million. Macquarie Infrastructure had a net margin of 6.93% and a return on equity of 8.18%. Equities analysts forecast that Macquarie Infrastructure Corp will post 4.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date of this dividend was Friday, May 10th. Macquarie Infrastructure’s dividend payout ratio is currently 188.68%.

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

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