Trexquant Investment LP Purchases 35,638 Shares of MasTec, Inc. (NYSE:MTZ)

Trexquant Investment LP increased its position in MasTec, Inc. (NYSE:MTZ) by 37.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,878 shares of the construction company’s stock after acquiring an additional 35,638 shares during the quarter. Trexquant Investment LP’s holdings in MasTec were worth $17,954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System increased its stake in shares of 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 increased its position in MasTec by 45.8% in 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. Exchange Traded Concepts LLC increased its position in MasTec by 286.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company’s stock worth $2,433,000 after buying an additional 13,241 shares during the period. State Street Corp lifted 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 worth $224,530,000 after buying an additional 24,522 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of MasTec in the fourth quarter valued at approximately $415,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Activity

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction of $331,312.71. Following the sale, the director now owns 23,000 shares of the company’s stock, valued at $3,027,490. This represents a 9.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.30% of the stock is currently owned by corporate insiders.

MasTec Trading Up 1.4 %

Shares of MasTec stock opened at $118.37 on Wednesday. MasTec, Inc. has a 12-month low of $82.29 and a 12-month high of $166.95. The stock has a market capitalization of $9.39 billion, a P/E ratio of 105.69 and a beta of 1.74. The company has a 50-day simple moving average of $131.11 and a 200 day simple moving average of $133.72. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. Research analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating and set a $195.00 target price on shares of MasTec in a research report on Tuesday, March 25th. B. Riley restated a “buy” rating and set a $165.00 price objective (up previously from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Barclays increased their target price on shares of MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Wolfe Research began coverage on MasTec in a research note on Monday. They set a “peer perform” rating on the stock. Finally, KeyCorp raised their price objective on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MasTec currently has an average rating of “Moderate Buy” and a consensus price target of $160.07.

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.