Captrust Financial Advisors Has $559,000 Stock Position in MasTec, Inc. (NYSE:MTZ)

Captrust Financial Advisors boosted its position in MasTec, Inc. (NYSE:MTZ) by 140.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,541 shares of the construction company’s stock after purchasing an additional 2,654 shares during the period. Captrust Financial Advisors’ holdings in MasTec were worth $559,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MTZ. Hobbs Group Advisors LLC acquired a new stake in MasTec during the second quarter worth approximately $27,000. DekaBank Deutsche Girozentrale acquired a new stake in MasTec during the second quarter worth approximately $40,000. UMB Bank n.a. lifted its position in MasTec by 46.3% during the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after acquiring an additional 120 shares during the last quarter. GAMMA Investing LLC lifted its position in MasTec by 39.9% during the third quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $63,000 after acquiring an additional 146 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in MasTec by 32.6% during the second quarter. Blue Trust Inc. now owns 561 shares of the construction company’s stock worth $60,000 after acquiring an additional 138 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on MTZ shares. Citigroup raised their target price on shares of MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on shares of MasTec from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Robert W. Baird raised their target price on shares of MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. B. Riley reaffirmed a “buy” rating and set a $166.00 target price (up from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Finally, UBS Group raised their target price on shares of MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.

MasTec Stock Performance

Shares of MasTec stock opened at $137.85 on Thursday. MasTec, Inc. has a fifty-two week low of $60.96 and a fifty-two week high of $150.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The firm has a market capitalization of $10.92 billion, a P/E ratio of 123.08 and a beta of 1.72. The company’s 50 day moving average price is $134.08 and its two-hundred day moving average price is $118.12.

Insider Buying and Selling at MasTec

In other news, COO Robert E. Apple sold 800 shares of MasTec stock in a transaction on Monday, October 7th. The shares were sold at an average price of $130.04, for a total transaction of $104,032.00. Following the transaction, the chief operating officer now owns 216,402 shares in the company, valued at approximately $28,140,916.08. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total transaction of $348,780.00. Following the transaction, the director now owns 48,173 shares in the company, valued at approximately $5,600,592.98. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,823 shares of company stock worth $7,493,301 over the last quarter. Corporate insiders own 21.30% of the company’s stock.

About MasTec

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.