MasTec, Inc. (NYSE:MTZ) Stock Holdings Trimmed by AlphaQuest LLC

AlphaQuest LLC lessened its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 74.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,834 shares of the construction company’s stock after selling 5,386 shares during the quarter. AlphaQuest LLC’s holdings in MasTec were worth $250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. New York State Teachers Retirement System lifted its holdings in MasTec by 21.7% in the fourth quarter. New York State Teachers Retirement System now owns 32,307 shares of the construction company’s stock worth $4,398,000 after purchasing an additional 5,750 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in shares of MasTec by 45.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company’s stock valued at $3,880,000 after acquiring an additional 8,948 shares in the last quarter. Atom Investors LP increased its stake in shares of MasTec by 979.0% during the third quarter. Atom Investors LP now owns 61,018 shares of the construction company’s stock valued at $7,511,000 after acquiring an additional 55,363 shares during the period. Exchange Traded Concepts LLC raised its holdings in MasTec by 286.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company’s stock worth $2,433,000 after purchasing an additional 13,241 shares in the last quarter. Finally, State Street Corp lifted its position in MasTec by 1.4% in the third quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock worth $224,530,000 after purchasing an additional 24,522 shares during the period. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Up 3.5 %

MasTec stock opened at $120.61 on Friday. The company has a market capitalization of $9.56 billion, a P/E ratio of 107.69 and a beta of 1.74. MasTec, Inc. has a 1-year low of $82.29 and a 1-year high of $166.95. The firm’s fifty day simple moving average is $137.76 and its 200-day simple moving average is $132.18. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ) last posted 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 business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. Sell-side analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on MTZ shares. Barclays upped their price objective on MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on shares of MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Citigroup boosted their target price on shares of MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. raised their target price on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Finally, Robert W. Baird dropped their price target on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Two equities research 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $160.14.

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.