MasTec, Inc. (NYSE:MTZ) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,557 shares of the construction company’s stock after buying an additional 100 shares during the period. New York State Teachers Retirement System’s holdings in MasTec were worth $3,269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hobbs Group Advisors LLC bought a new stake in MasTec during the second quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in MasTec by 64.9% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock valued at $39,000 after purchasing an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in MasTec during the 2nd quarter valued at $40,000. UMB Bank n.a. boosted its stake in MasTec by 46.3% during the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock valued at $47,000 after purchasing an additional 120 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in MasTec by 5,436.4% during the 1st quarter. Bessemer Group Inc. now owns 609 shares of the construction company’s stock valued at $57,000 after purchasing an additional 598 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group increased their price target on MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Craig Hallum increased their price target on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus increased their price target on MasTec from $121.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. B. Riley reiterated a “buy” rating and set a $166.00 price objective (up previously from $151.00) on shares of MasTec in a research report on Tuesday. Finally, Truist Financial upgraded MasTec from a “hold” rating to a “buy” rating and increased their price objective for the company from $133.00 to $173.00 in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.62.

Insider Transactions at MasTec

In other news, COO Robert E. Apple sold 19,023 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $135.63, for a total value of $2,580,089.49. Following the transaction, the chief operating officer now directly owns 197,202 shares of the company’s stock, valued at approximately $26,746,507.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Robert E. Apple sold 19,023 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $135.63, for a total value of $2,580,089.49. Following the transaction, the chief operating officer now directly owns 197,202 shares of the company’s stock, valued at approximately $26,746,507.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert E. Apple sold 20,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the transaction, the chief operating officer now directly owns 217,202 shares in the company, valued at $27,426,096.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,823 shares of company stock valued at $5,558,301. 21.30% of the stock is owned by insiders.

MasTec Trading Up 3.0 %

NYSE MTZ opened at $140.63 on Thursday. MasTec, Inc. has a 1-year low of $46.70 and a 1-year high of $140.98. 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 company has a market capitalization of $11.14 billion, a PE ratio of 125.56 and a beta of 1.70. The firm’s fifty day simple moving average is $120.78 and its 200-day simple moving average is $110.95.

MasTec Company 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.