519 Shares in MasTec, Inc. (NYSE:MTZ) Acquired by Altshuler Shaham Ltd

Altshuler Shaham Ltd purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 519 shares of the construction company’s stock, valued at approximately $71,000.

Several other institutional investors also recently bought and sold shares of MTZ. Zacks Investment Management acquired a new position in shares of MasTec during the 4th quarter valued at $3,894,000. NewEdge Advisors LLC lifted its stake in shares of MasTec by 16.1% during the fourth quarter. NewEdge Advisors LLC now owns 3,325 shares of the construction company’s stock worth $453,000 after purchasing an additional 462 shares in the last quarter. Operose Advisors LLC boosted its position in shares of MasTec by 303.2% in the fourth quarter. Operose Advisors LLC now owns 500 shares of the construction company’s stock worth $68,000 after buying an additional 376 shares during the period. Jump Financial LLC acquired a new stake in shares of MasTec in the fourth quarter valued at about $6,240,000. Finally, Guggenheim Capital LLC lifted its position in MasTec by 54.9% during the 4th quarter. Guggenheim Capital LLC now owns 4,275 shares of the construction company’s stock worth $582,000 after acquiring an additional 1,516 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on MTZ shares. Barclays increased their price objective on shares of MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. KeyCorp cut their price objective on shares of MasTec from $168.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday. Truist Financial decreased their price objective on shares of MasTec from $197.00 to $154.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus cut their price target on MasTec from $175.00 to $143.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, B. Riley reissued a “buy” rating and issued a $165.00 price target (up previously from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.00.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 2,517 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction of $331,312.71. Following the sale, the director now owns 23,000 shares in the company, valued at $3,027,490. This represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 21.30% of the company’s stock.

MasTec Trading Down 1.1 %

NYSE:MTZ opened at $117.41 on Thursday. The company has a market cap of $9.31 billion, a PE ratio of 104.83 and a beta of 1.62. The business’s 50 day moving average is $123.20 and its two-hundred day moving average is $132.84. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. MasTec, Inc. has a 52 week low of $82.29 and a 52 week high of $166.95.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. On average, analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

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.