B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Has $15,366,000 Stake in Macquarie Infrastructure Company (MIC)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund continued to hold its position in shares of Macquarie Infrastructure Company (NYSE:MIC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,000 shares of the conglomerate’s stock at the end of the second quarter. Macquarie Infrastructure comprises approximately 1.7% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s investment portfolio, making the stock its 14th largest position. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund owned 0.24% of Macquarie Infrastructure worth $15,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MIC. Prescott Group Capital Management L.L.C. bought a new position in shares of Macquarie Infrastructure during the first quarter valued at about $1,612,000. Willingdon Wealth Management raised its stake in Macquarie Infrastructure by 93.0% in the first quarter. Willingdon Wealth Management now owns 98,924 shares of the conglomerate’s stock valued at $7,971,000 after buying an additional 47,674 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in 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 last quarter. Canada Pension Plan Investment Board acquired a new stake in Macquarie Infrastructure during the first quarter valued at about $10,314,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in 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 last quarter. Institutional investors own 86.15% of the company’s stock.

Shares of Macquarie Infrastructure Company (NYSE MIC) traded down 0.01% during trading on Friday, hitting $72.77. 28,157 shares of the stock traded hands. The stock has a market cap of $6.02 billion, a PE ratio of 34.99 and a beta of 0.92. Macquarie Infrastructure Company has a 12 month low of $71.23 and a 12 month high of $85.45. The firm’s 50-day moving average price is $75.23 and its 200-day moving average price is $77.81.

Macquarie Infrastructure (NYSE:MIC) last announced its earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.26. The company had revenue of $438.99 million for the quarter, compared to analysts’ expectations of $416.50 million. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. Analysts anticipate that Macquarie Infrastructure Company will post $1.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a $1.38 dividend. This is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.32. The ex-dividend date was Thursday, August 10th. This represents a $5.52 annualized dividend and a dividend yield of 7.58%. Macquarie Infrastructure’s dividend payout ratio (DPR) is presently 255.56%.

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MIC has been the subject of several analyst reports. BidaskClub lowered shares of Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Macquarie Infrastructure from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Tuesday, July 18th. Finally, Barclays PLC lowered shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and cut their price target for the company from $89.00 to $83.00 in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average 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.