Versant Capital Management Inc Acquires 342 Shares of MasTec, Inc. (NYSE:MTZ)

Versant Capital Management Inc increased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 98.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 688 shares of the construction company’s stock after purchasing an additional 342 shares during the quarter. Versant Capital Management Inc’s holdings in MasTec were worth $94,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in MasTec during the 3rd quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale bought a new position in shares of MasTec during the second quarter worth $40,000. UMB Bank n.a. grew its stake in MasTec by 46.3% during the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock valued at $47,000 after acquiring an additional 120 shares in the last quarter. True Wealth Design LLC bought a new stake in MasTec in the 3rd quarter valued at $57,000. Finally, GAMMA Investing LLC lifted its stake in MasTec by 39.9% in the 3rd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $63,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MTZ has been the topic of several research reports. 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. TD Cowen upped their price objective on MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 4th. UBS Group boosted their price target on shares of MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their price objective on shares of MasTec from $153.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Citigroup boosted 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, MasTec presently has an average rating of “Moderate Buy” and a consensus price target of $150.23.

MasTec Trading Up 4.8 %

MTZ opened at $146.69 on Friday. 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 firm has a market cap of $11.62 billion, a price-to-earnings ratio of 130.97 and a beta of 1.74. MasTec, Inc. has a 12 month low of $60.96 and a 12 month high of $150.12. The stock has a fifty day moving average price of $137.86 and a 200-day moving average price of $121.42.

Insiders Place Their Bets

In other news, COO Robert E. Apple sold 800 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $130.04, for a total transaction of $104,032.00. Following the transaction, the chief operating officer now directly owns 216,402 shares of the company’s stock, valued at approximately $28,140,916.08. This represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the transaction, the director now owns 42,478 shares in the company, valued at approximately $6,159,310. This trade represents a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,823 shares of company stock worth $4,619,121. 21.30% of the stock is owned by corporate insiders.

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.