Banco Santander S.A. Takes Position in MasTec, Inc. (NYSE:MTZ)

Banco Santander S.A. purchased a new position in MasTec, Inc. (NYSE:MTZ) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 31,149 shares of the construction company’s stock, valued at approximately $4,241,000.

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Truist Financial lifted their price objective on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Guggenheim assumed coverage on shares of MasTec in a report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Finally, KeyCorp increased their price objective on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and a consensus price target of $160.14.

MasTec Stock Down 3.0 %

MTZ stock opened at $115.33 on Friday. The stock has a market cap of $9.14 billion, a P/E ratio of 102.97 and a beta of 1.74. 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’s fifty day simple moving average is $140.09 and its two-hundred day simple moving average is $131.87. MasTec, Inc. has a 1-year low of $82.29 and a 1-year high of $166.95.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. The company had revenue of $3.40 billion for 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%. Analysts expect that MasTec, Inc. will post 3.44 EPS for the current year.

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.