MasTec, Inc. (NYSE:MTZ) Shares Bought by Operose Advisors LLC

Operose Advisors LLC lifted its position in shares of MasTec, Inc. (NYSE:MTZ) by 303.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500 shares of the construction company’s stock after buying an additional 376 shares during the period. Operose Advisors LLC’s holdings in MasTec were worth $68,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in MasTec during the third quarter worth about $25,000. Ameliora Wealth Management Ltd. purchased a new position in MasTec in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its position in MasTec by 181.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in MasTec by 93.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock worth $36,000 after buying an additional 128 shares during the period. Finally, Global Retirement Partners LLC increased its position in shares of MasTec by 162.4% in the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock worth $42,000 after acquiring an additional 190 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Performance

Shares of MTZ stock opened at $118.36 on Wednesday. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 105.68 and a beta of 1.62. MasTec, Inc. has a one year low of $82.29 and a one year high of $166.95. The company’s 50-day simple moving average is $123.75 and its 200-day simple moving average is $132.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

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

Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 2,517 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total value of $331,312.71. Following the transaction, the director now directly owns 23,000 shares in the company, valued at approximately $3,027,490. This trade represents a 9.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of research reports. Guggenheim reaffirmed a “buy” rating and set a $195.00 price target on shares of MasTec in a research report on Tuesday, March 25th. Stifel Nicolaus lowered their target price on MasTec from $175.00 to $143.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Citigroup boosted their price target on MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Truist Financial lowered 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. Finally, B. Riley restated a “buy” rating and issued a $165.00 target price (up from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. Three research 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’s stock. Based on data from MarketBeat.com, MasTec currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.87.

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.