Savant Capital LLC Raises Holdings in MasTec, Inc. $MTZ

Savant Capital LLC boosted its stake in MasTec, Inc. (NYSE:MTZ) by 17.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,315 shares of the construction company’s stock after buying an additional 3,246 shares during the quarter. Savant Capital LLC’s holdings in MasTec were worth $4,749,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Versant Capital Management Inc raised its holdings in shares of MasTec by 4.9% in the third quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock worth $232,000 after acquiring an additional 51 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of MasTec by 22.5% during the second quarter. Rothschild Investment LLC now owns 338 shares of the construction company’s stock valued at $58,000 after acquiring an additional 62 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in MasTec by 4.5% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,130 shares of the construction company’s stock worth $453,000 after purchasing an additional 91 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in MasTec by 4.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company’s stock valued at $338,000 after purchasing an additional 93 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its stake in MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

MTZ has been the topic of several analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $264.00 price target on shares of MasTec in a research note on Wednesday, January 7th. Barclays upped their price objective on shares of MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Truist Financial lifted their target price on shares of MasTec from $253.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. JPMorgan Chase & Co. boosted their price target on MasTec from $214.00 to $235.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Finally, Cantor Fitzgerald assumed coverage on MasTec in a research note on Friday, January 23rd. They set an “overweight” rating and a $274.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $238.16.

MasTec Stock Performance

Shares of MTZ stock opened at $258.82 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.30 and a current ratio of 1.33. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 61.48 and a beta of 1.94. MasTec, Inc. has a one year low of $99.70 and a one year high of $260.25. The company has a 50 day moving average price of $229.51 and a 200 day moving average price of $206.74.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.