2,883 Shares in MasTec, Inc. $MTZ Purchased by Krilogy Financial LLC

Krilogy Financial LLC acquired a new stake in MasTec, Inc. (NYSE:MTZ) during the third quarter, Holdings Channel reports. The firm acquired 2,883 shares of the construction company’s stock, valued at approximately $574,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position 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 valued at $232,000 after purchasing an additional 51 shares during the period. Rothschild Investment LLC raised its holdings in MasTec by 22.5% during the 2nd 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 period. Linden Thomas Advisory Services LLC raised its holdings in MasTec by 1.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 6,089 shares of the construction company’s stock valued at $1,296,000 after acquiring an additional 86 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of MasTec by 4.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,130 shares of the construction company’s stock worth $453,000 after acquiring an additional 91 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its holdings in shares of MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after acquiring an additional 93 shares during the period. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

MTZ stock opened at $269.88 on Friday. The firm has a 50 day simple moving average of $234.33 and a two-hundred day simple moving average of $209.74. The stock has a market cap of $21.29 billion, a PE ratio of 64.11 and a beta of 1.94. MasTec, Inc. has a one year low of $99.70 and a one year high of $276.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.33 and a quick ratio of 1.30.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MTZ shares. Wall Street Zen lowered MasTec from a “buy” rating to a “hold” rating in a research note on Saturday. Cantor Fitzgerald assumed coverage on MasTec in a report on Friday, January 23rd. They set an “overweight” rating and a $274.00 target price for the company. Mizuho set a $254.00 price target on shares of MasTec in a report on Monday, November 3rd. Stifel Nicolaus raised their price objective on shares of MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, Robert W. Baird upped their target price on shares of MasTec from $238.00 to $249.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, MasTec presently has an average rating of “Buy” and a consensus price target of $238.16.

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.