Wealth Enhancement Advisory Services LLC Has $1.13 Million Stock Position in MasTec, Inc. (NYSE:MTZ)

Wealth Enhancement Advisory Services LLC lifted its stake in MasTec, Inc. (NYSE:MTZ) by 239.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,157 shares of the construction company’s stock after buying an additional 6,462 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in MasTec were worth $1,127,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MTZ. Pacer Advisors Inc. raised its stake in MasTec by 15,067.0% during the second quarter. Pacer Advisors Inc. now owns 1,365,638 shares of the construction company’s stock worth $146,110,000 after acquiring an additional 1,356,634 shares in the last quarter. D1 Capital Partners L.P. bought a new position in MasTec during the 2nd quarter valued at about $79,494,000. Hood River Capital Management LLC lifted its holdings in MasTec by 59.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company’s stock valued at $127,773,000 after purchasing an additional 446,762 shares during the last quarter. AQR Capital Management LLC grew its position in MasTec by 3,439.7% during the 2nd quarter. AQR Capital Management LLC now owns 262,504 shares of the construction company’s stock worth $28,085,000 after acquiring an additional 255,088 shares during the last quarter. Finally, Appian Way Asset Management LP acquired a new stake in shares of MasTec in the first quarter valued at $12,000,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In other news, COO Robert E. Apple sold 20,000 shares of MasTec stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 217,202 shares in the company, valued at approximately $27,426,096.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MasTec news, COO Robert E. Apple sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the completion of the sale, the chief operating officer now directly owns 217,202 shares in the company, valued at $27,426,096.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total value of $348,780.00. Following the completion of the transaction, the director now directly owns 48,173 shares in the company, valued at $5,600,592.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,800 shares of company stock worth $2,978,212 over the last 90 days. Company insiders own 21.30% of the company’s stock.

MasTec Stock Up 2.0 %

MasTec stock opened at $132.61 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.27 and a quick ratio of 1.23. The company’s 50-day moving average is $119.20 and its 200-day moving average is $110.03. The firm has a market capitalization of $10.51 billion, a PE ratio of 118.40 and a beta of 1.70. MasTec, Inc. has a fifty-two week low of $46.70 and a fifty-two week high of $138.87.

Analyst Ratings Changes

Several research analysts have issued reports on MTZ shares. JPMorgan Chase & Co. began coverage on MasTec in a report on Monday, October 7th. They set an “overweight” rating and a $153.00 price objective on the stock. Robert W. Baird boosted their price target on shares of MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a report on Monday. KeyCorp increased their target price on MasTec from $123.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. UBS Group lifted 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. Finally, Stifel Nicolaus increased their price objective on MasTec from $121.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, MasTec currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.08.

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.