MONECO Advisors LLC Sells 195 Shares of MasTec, Inc. (NYSE:MTZ)

MONECO Advisors LLC trimmed its position in MasTec, Inc. (NYSE:MTZ) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,448 shares of the construction company’s stock after selling 195 shares during the period. MONECO Advisors LLC’s holdings in MasTec were worth $469,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new position in shares of MasTec in the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new position in MasTec during the 3rd quarter worth $25,000. Global Retirement Partners LLC raised its position in MasTec by 162.4% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock worth $42,000 after purchasing an additional 190 shares during the last quarter. R Squared Ltd bought a new position in MasTec during the 4th quarter worth $44,000. Finally, True Wealth Design LLC bought a new position in MasTec during the 3rd quarter worth $57,000. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Performance

MTZ stock opened at $125.40 on Tuesday. The stock has a 50-day moving average price of $141.96 and a 200-day moving average price of $131.15. MasTec, Inc. has a 1-year low of $69.80 and a 1-year high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm has a market cap of $9.94 billion, a PE ratio of 111.96 and a beta of 1.73.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Guggenheim assumed coverage on MasTec in a research report on Wednesday, January 8th. They set a “buy” rating and a $195.00 target price for the company. KeyCorp raised their target price on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. B. Riley reaffirmed a “buy” rating and set a $166.00 target price (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus raised their target price on MasTec from $155.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Two 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.com, the stock currently has an average 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.