Sanctuary Advisors LLC Increases Holdings in MasTec, Inc. (NYSE:MTZ)

Sanctuary Advisors LLC raised its stake in shares of MasTec, Inc. (NYSE:MTZ) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,352 shares of the construction company’s stock after buying an additional 289 shares during the quarter. Sanctuary Advisors LLC’s holdings in MasTec were worth $639,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in MasTec during the third quarter valued at $25,000. Ameliora Wealth Management Ltd. purchased a new position in MasTec during the fourth quarter valued at $25,000. R Squared Ltd purchased a new position in MasTec during the fourth quarter valued at $44,000. True Wealth Design LLC purchased a new position in MasTec during the third quarter valued at $57,000. Finally, UMB Bank n.a. raised its stake in MasTec by 29.8% during the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company’s stock valued at $67,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Stock Up 2.9 %

MasTec stock opened at $130.55 on Friday. The stock has a market cap of $10.34 billion, a PE ratio of 116.56 and a beta of 1.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec, Inc. has a one year low of $73.85 and a one year high of $166.95. The stock has a fifty day moving average of $141.72 and a 200 day moving average of $131.28.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 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 return on equity of 8.27% and a net margin of 0.73%. As a group, sell-side analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

Analyst Ratings Changes

MTZ has been the subject of a number of recent research reports. Guggenheim started coverage on MasTec in a research note on Wednesday, January 8th. They set a “buy” rating and a $195.00 price objective for the company. Craig Hallum boosted their price target on MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. TD Cowen boosted their price target on MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. KeyCorp boosted their price target on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Truist Financial boosted their price target on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.57.

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.