Handelsinvest Investeringsforvaltning Purchases 1,600 Shares of MasTec, Inc. (NYSE:MTZ)

Handelsinvest Investeringsforvaltning grew its position in shares of MasTec, Inc. (NYSE:MTZGet Rating) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 179,500 shares of the construction company’s stock after buying an additional 1,600 shares during the quarter. MasTec accounts for approximately 1.8% of Handelsinvest Investeringsforvaltning’s investment portfolio, making the stock its 16th largest holding. Handelsinvest Investeringsforvaltning’s holdings in MasTec were worth $11,398,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its stake in MasTec by 1,055.4% during the third quarter. Vontobel Holding Ltd. now owns 238,537 shares of the construction company’s stock worth $15,648,000 after buying an additional 217,891 shares during the last quarter. Barclays PLC grew its stake in shares of MasTec by 71.5% during the third quarter. Barclays PLC now owns 171,751 shares of the construction company’s stock valued at $10,906,000 after purchasing an additional 71,632 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of MasTec by 0.7% during the third quarter. Rockefeller Capital Management L.P. now owns 93,864 shares of the construction company’s stock valued at $5,959,000 after purchasing an additional 669 shares during the last quarter. Townsend Asset Management Corp NC ADV grew its stake in shares of MasTec by 0.3% during the third quarter. Townsend Asset Management Corp NC ADV now owns 40,104 shares of the construction company’s stock valued at $2,547,000 after purchasing an additional 134 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of MasTec by 11.0% during the third quarter. Daiwa Securities Group Inc. now owns 192,000 shares of the construction company’s stock valued at $12,192,000 after purchasing an additional 19,100 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Cowen decreased their price target on shares of MasTec from $125.00 to $120.00 in a research note on Tuesday, December 27th. Credit Suisse Group increased their price target on shares of MasTec from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, November 7th. Cowen cut their price objective on shares of MasTec from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, December 27th. Barclays increased their price objective on shares of MasTec from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, January 13th. Finally, Citigroup increased their price objective on shares of MasTec from $90.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 7th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.30.

MasTec Trading Down 0.2 %

MTZ opened at $96.86 on Wednesday. The firm’s fifty day moving average is $89.70 and its two-hundred day moving average is $81.70. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.50 and a current ratio of 1.57. The firm has a market cap of $7.61 billion, a PE ratio of 68.21 and a beta of 1.38. MasTec, Inc. has a twelve month low of $62.36 and a twelve month high of $98.28.

MasTec (NYSE:MTZGet Rating) last posted its earnings results on Thursday, November 3rd. The construction company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.54 billion. MasTec had a net margin of 1.24% and a return on equity of 9.21%. Equities research analysts anticipate that MasTec, Inc. will post 2.79 EPS for the current year.

MasTec Company Profile

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MasTec, Inc engages in the provision of infrastructure construction services. It operates through the following segments: Communications, Oil and Gas, Clean Energy and Infrastructure, and Other. The Communications segment performs engineering, construction, maintenance, and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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