MasTec, Inc. (NYSE:MTZ) Stock Holdings Increased by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in MasTec, Inc. (NYSE:MTZ) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 637 shares of the construction company’s stock after purchasing an additional 125 shares during the quarter. GAMMA Investing LLC’s holdings in MasTec were worth $87,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Caprock Group LLC bought a new position in MasTec in the 2nd quarter valued at about $283,000. American Century Companies Inc. boosted its holdings in shares of MasTec by 12.9% in the second quarter. American Century Companies Inc. now owns 15,557 shares of the construction company’s stock valued at $1,664,000 after acquiring an additional 1,777 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of MasTec during the second quarter valued at approximately $40,000. Envestnet Asset Management Inc. increased its stake in shares of MasTec by 169.7% during the second quarter. Envestnet Asset Management Inc. now owns 21,703 shares of the construction company’s stock valued at $2,322,000 after acquiring an additional 13,656 shares during the period. Finally, Amalgamated Bank raised its holdings in MasTec by 2.8% during the second quarter. Amalgamated Bank now owns 37,771 shares of the construction company’s stock worth $4,041,000 after purchasing an additional 1,030 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Down 1.3 %

NYSE MTZ opened at $144.72 on Friday. The firm’s 50 day moving average price is $140.13 and its two-hundred day moving average price is $122.69. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 129.21 and a beta of 1.74. MasTec, Inc. has a twelve month low of $60.96 and a twelve month high of $150.55. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Insider Activity

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the sale, the director now owns 42,478 shares in the company, valued at $6,159,310. This represents a 6.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert E. Apple sold 19,023 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $135.63, for a total transaction of $2,580,089.49. Following the transaction, the chief operating officer now owns 197,202 shares in the company, valued at approximately $26,746,507.26. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,023 shares of company stock worth $4,515,089. 21.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MTZ shares. KeyCorp lifted their price target on MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday. TD Cowen raised their target price on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. began coverage on shares of MasTec in a research report on Monday, October 7th. They issued an “overweight” rating and a $153.00 price target on the stock. B. Riley restated a “buy” rating and set a $166.00 price objective (up previously from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Finally, Citigroup lifted their price objective on shares of MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.07.

MasTec 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.