Stratos Wealth Partners LTD. Purchases New Shares in MasTec, Inc. (NYSE:MTZ)

Stratos Wealth Partners LTD. purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,529 shares of the construction company’s stock, valued at approximately $208,000.

Several other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of MasTec in the third quarter worth $25,000. R Squared Ltd purchased a new stake in shares of MasTec in the fourth quarter worth $44,000. True Wealth Design LLC purchased a new stake in shares of MasTec in the third quarter worth $57,000. UMB Bank n.a. grew its stake in shares of MasTec by 29.8% in the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company’s stock worth $67,000 after acquiring an additional 113 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of MasTec in the third quarter worth $84,000. 78.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. UBS Group increased their target price on MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird increased their target price on MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a report on Monday, November 4th. TD Cowen increased their target price on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Craig Hallum increased their target price on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.57.

MasTec Stock Performance

NYSE:MTZ opened at $135.48 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. MasTec, Inc. has a 12-month low of $68.68 and a 12-month high of $166.95. The stock has a 50-day moving average price of $142.55 and a 200 day moving average price of $129.71. The stock has a market capitalization of $10.73 billion, a P/E ratio of 120.96 and a beta of 1.73.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the transaction, the director now owns 42,478 shares in the company, valued at $6,159,310. This trade represents a 6.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total value of $1,500,000.00. Following the transaction, the chief operating officer now owns 187,202 shares of the company’s stock, valued at $28,080,300. This represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

About MasTec

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.