MasTec, Inc. (NYSE:MTZ) Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of MasTec, Inc. (NYSE:MTZ) by 0.8% in the third quarter, HoldingsChannel.com reports. The firm owned 12,858 shares of the construction company’s stock after buying an additional 101 shares during the period. Victory Capital Management Inc.’s holdings in MasTec were worth $1,583,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Pacer Advisors Inc. raised its holdings in shares of MasTec by 15,067.0% during the second quarter. Pacer Advisors Inc. now owns 1,365,638 shares of the construction company’s stock valued at $146,110,000 after acquiring an additional 1,356,634 shares during the period. D1 Capital Partners L.P. bought a new position in shares of MasTec in the 2nd quarter valued at approximately $79,494,000. Hood River Capital Management LLC lifted its stake in shares of MasTec by 59.8% in the second quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company’s stock worth $127,773,000 after buying an additional 446,762 shares during the last quarter. AQR Capital Management LLC grew its holdings in MasTec by 3,439.7% in the 2nd quarter. AQR Capital Management LLC now owns 262,504 shares of the construction company’s stock valued at $28,085,000 after buying an additional 255,088 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in MasTec by 205.4% during the 3rd quarter. Van ECK Associates Corp now owns 282,970 shares of the construction company’s stock valued at $34,613,000 after purchasing an additional 190,320 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTZ. The Goldman Sachs Group boosted their price target on shares of MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. started coverage on MasTec in a report on Monday, October 7th. They set an “overweight” rating and a $153.00 price target for the company. Robert W. Baird boosted their target price on shares of MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Craig Hallum upped their price target on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Citigroup increased their price objective on shares of MasTec from $122.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.62.

Insiders Place Their Bets

In other news, COO Robert E. Apple sold 20,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the sale, the chief operating officer now directly owns 217,202 shares in the company, valued at $27,426,096.54. This represents a 8.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total value of $348,780.00. Following the completion of the transaction, the director now owns 48,173 shares in the company, valued at $5,600,592.98. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,823 shares of company stock worth $5,558,301. Corporate insiders own 21.30% of the company’s stock.

MasTec Stock Up 0.6 %

Shares of NYSE MTZ opened at $143.07 on Tuesday. The company has a market capitalization of $11.34 billion, a P/E ratio of 127.74 and a beta of 1.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec, Inc. has a 52-week low of $54.06 and a 52-week high of $147.23. The company’s 50 day moving average price is $129.00 and its 200-day moving average price is $115.13.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.