Venturi Wealth Management LLC Has $104,000 Stock Holdings in MasTec, Inc. (NYSE:MTZ)

Venturi Wealth Management LLC grew its stake in shares of MasTec, Inc. (NYSE:MTZ) by 374.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 764 shares of the construction company’s stock after buying an additional 603 shares during the quarter. Venturi Wealth Management LLC’s holdings in MasTec were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Creative Planning raised its stake in MasTec by 9.5% during the 3rd quarter. Creative Planning now owns 2,909 shares of the construction company’s stock worth $358,000 after buying an additional 253 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of MasTec during the third quarter valued at approximately $290,000. Private Advisor Group LLC raised its position in shares of MasTec by 89.6% during the third quarter. Private Advisor Group LLC now owns 3,956 shares of the construction company’s stock worth $487,000 after purchasing an additional 1,869 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of MasTec by 12,210.0% in the 3rd quarter. International Assets Investment Management LLC now owns 129,255 shares of the construction company’s stock worth $15,911,000 after purchasing an additional 128,205 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in MasTec in the 3rd quarter valued at $84,000. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Down 4.8 %

Shares of NYSE:MTZ opened at $126.35 on Monday. MasTec, Inc. has a 1 year low of $69.80 and a 1 year high of $166.95. The company has a market capitalization of $10.01 billion, a PE ratio of 112.81 and a beta of 1.73. The business has a fifty day moving average price of $142.25 and a two-hundred day moving average price of $131.03. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

Insider Buying and Selling

In other news, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the chief operating officer now owns 187,202 shares in the company, valued at $28,080,300. This trade represents a 5.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the sale, the director now directly owns 42,478 shares in the company, valued at $6,159,310. This trade represents a 6.60 % decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MTZ. B. Riley restated a “buy” rating and set a $166.00 price objective (up previously from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Craig Hallum upped their target price on shares of MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Truist Financial lifted their price target on MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. KeyCorp increased their price objective on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, TD Cowen raised their target price on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.57.

MasTec 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.