Charles Schwab Investment Management Inc. Has $77.59 Million Position in MasTec, Inc. (NYSE:MTZ)

Charles Schwab Investment Management Inc. raised its stake in MasTec, Inc. (NYSE:MTZ) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 630,315 shares of the construction company’s stock after buying an additional 7,469 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.80% of MasTec worth $77,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTZ. Price T Rowe Associates Inc. MD increased its stake in shares of MasTec by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,518 shares of the construction company’s stock worth $4,059,000 after acquiring an additional 1,905 shares during the last quarter. Tidal Investments LLC raised its stake in shares of MasTec by 132.4% during the 1st quarter. Tidal Investments LLC now owns 7,862 shares of the construction company’s stock worth $733,000 after purchasing an additional 4,479 shares in the last quarter. Comerica Bank lifted its holdings in shares of MasTec by 1.9% during the 1st quarter. Comerica Bank now owns 26,824 shares of the construction company’s stock valued at $2,501,000 after buying an additional 498 shares during the last quarter. Swedbank AB bought a new stake in shares of MasTec in the 1st quarter valued at approximately $5,287,000. Finally, Community Trust & Investment Co. increased its holdings in MasTec by 0.6% in the first quarter. Community Trust & Investment Co. now owns 237,165 shares of the construction company’s stock worth $22,116,000 after buying an additional 1,402 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. TD Cowen lifted their target price on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Craig Hallum upped their price objective on shares of MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, November 4th. KeyCorp raised their target price on MasTec from $123.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. UBS Group boosted their price target on MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird increased their price objective on MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

Insiders Place Their Bets

In other news, COO Robert E. Apple sold 20,000 shares of MasTec stock in a transaction that occurred on 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 owns 217,202 shares of the company’s stock, valued at approximately $27,426,096.54. This trade represents a 8.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total value of $348,780.00. Following the sale, the director now owns 48,173 shares in the company, valued at approximately $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. Insiders have sold 42,823 shares of company stock worth $5,558,301 in the last ninety days. Insiders own 21.30% of the company’s stock.

MasTec Trading Down 2.3 %

Shares of MTZ stock opened at $144.54 on Thursday. The firm has a market capitalization of $11.45 billion, a P/E ratio of 129.71 and a beta of 1.70. MasTec, Inc. has a 1 year low of $54.06 and a 1 year high of $150.12. The firm’s fifty day simple moving average is $130.22 and its 200 day simple moving average is $115.68. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

About MasTec

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.