Handelsbanken Fonder AB Sells 200 Shares of MasTec, Inc. (NYSE:MTZ)

Handelsbanken Fonder AB decreased its holdings in MasTec, Inc. (NYSE:MTZ) by 1.3% in the fourth quarter, Holdings Channel reports. The firm owned 15,800 shares of the construction company’s stock after selling 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in MasTec were worth $2,151,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of MasTec during the 3rd quarter valued at about $25,000. Ameliora Wealth Management Ltd. bought a new stake in MasTec during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC lifted its stake in shares of MasTec by 162.4% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock valued at $42,000 after buying an additional 190 shares in the last quarter. R Squared Ltd bought a new position in shares of MasTec in the fourth quarter worth about $44,000. Finally, True Wealth Design LLC bought a new position in MasTec in the 3rd quarter worth approximately $57,000. 78.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Robert W. Baird lifted their target price on MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Craig Hallum lifted their price objective on shares of MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their target price on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. TD Cowen raised their price target on shares of MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Guggenheim initiated coverage on MasTec in a research report on Wednesday, January 8th. They set a “buy” rating and a $195.00 target price for the company. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.57.

MasTec Trading Up 2.3 %

Shares of NYSE MTZ opened at $128.42 on Wednesday. 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 stock has a market capitalization of $10.18 billion, a PE ratio of 114.66 and a beta of 1.73. The stock has a fifty day simple moving average of $141.80 and a 200-day simple moving average of $131.31. MasTec, Inc. has a twelve month low of $69.80 and a twelve month high of $166.95.

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.