Schwab Charles Investment Management Inc. raised its holdings in MasTec, Inc. (NYSE:MTZ) by 4.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 528,158 shares of the construction company’s stock after acquiring an additional 21,534 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.64% of MasTec worth $25,854,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in MTZ. Advisory Services Network LLC increased its position in MasTec by 13.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,700 shares of the construction company’s stock valued at $167,000 after acquiring an additional 430 shares during the period. Envestnet Asset Management Inc. increased its position in MasTec by 67.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,479 shares of the construction company’s stock valued at $209,000 after acquiring an additional 1,807 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in MasTec in the 2nd quarter valued at approximately $224,000. Trexquant Investment LP acquired a new position in MasTec in the 3rd quarter valued at approximately $231,000. Finally, Stoneridge Investment Partners LLC acquired a new position in MasTec in the 3rd quarter valued at approximately $263,000. Hedge funds and other institutional investors own 72.33% of the company’s stock.
Several equities analysts have issued reports on the stock. B. Riley restated a “buy” rating and issued a $67.00 price target (up from $66.00) on shares of MasTec in a research report on Tuesday, November 7th. Citigroup upped their price target on shares of MasTec from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, January 3rd. Stifel Nicolaus increased their price objective on shares of MasTec from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Robert W. Baird set a $56.00 price objective on shares of MasTec and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $58.94.
In related news, COO Robert E. Apple sold 25,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $50.16, for a total transaction of $1,254,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 20.30% of the stock is owned by corporate insiders.
Shares of MasTec, Inc. (NYSE MTZ) opened at $50.60 on Friday. MasTec, Inc. has a 12-month low of $35.75 and a 12-month high of $55.53. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74. The firm has a market cap of $4,190.00, a price-to-earnings ratio of 17.33, a PEG ratio of 1.12 and a beta of 1.49.
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MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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