Lisanti Capital Growth LLC Has $5.81 Million Position in MasTec, Inc. $MTZ

Lisanti Capital Growth LLC boosted its holdings in MasTec, Inc. (NYSE:MTZ) by 25.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,278 shares of the construction company’s stock after acquiring an additional 5,503 shares during the period. MasTec accounts for 1.4% of Lisanti Capital Growth LLC’s holdings, making the stock its 24th biggest position. Lisanti Capital Growth LLC’s holdings in MasTec were worth $5,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC increased its holdings in shares of MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of MasTec during the 2nd quarter worth about $29,000. Parkside Financial Bank & Trust boosted its holdings in shares of MasTec by 253.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after buying an additional 137 shares during the period. Ameritas Advisory Services LLC acquired a new position in MasTec in the 2nd quarter valued at about $35,000. Finally, Evelyn Partners Asset Management Ltd bought a new position in MasTec in the 2nd quarter valued at about $43,000. 78.10% of the stock is owned by institutional investors.

MasTec Stock Down 1.7%

Shares of NYSE MTZ opened at $240.80 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.30 and a current ratio of 1.33. MasTec, Inc. has a 52 week low of $99.70 and a 52 week high of $250.99. The stock has a market capitalization of $19.00 billion, a P/E ratio of 57.20 and a beta of 1.91. The stock’s fifty day moving average is $225.72 and its 200 day moving average is $204.26.

Insider Buying and Selling

In other news, CAO Timothy Michael Love sold 1,929 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $206.15, for a total value of $397,663.35. Following the completion of the transaction, the chief accounting officer directly owned 9,757 shares in the company, valued at approximately $2,011,405.55. The trade was a 16.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a report on Monday, December 29th. KeyCorp restated an “overweight” rating and issued a $264.00 price target on shares of MasTec in a research note on Wednesday, January 7th. Truist Financial upped their price objective on MasTec from $253.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Barclays lifted their target price on MasTec from $240.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of MasTec from $214.00 to $235.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $238.16.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.