Stifel Financial Corp Has $1.24 Million Stock Position in MasTec, Inc. (NYSE:MTZ)

Stifel Financial Corp lifted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,105 shares of the construction company’s stock after purchasing an additional 271 shares during the period. Stifel Financial Corp’s holdings in MasTec were worth $1,244,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MTZ. Pacer Advisors Inc. increased its stake in shares of MasTec by 65.6% in the third quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company’s stock valued at $278,312,000 after buying an additional 895,227 shares during the period. Hood River Capital Management LLC lifted its stake in shares of MasTec by 59.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company’s stock valued at $127,773,000 after purchasing an additional 446,762 shares during the period. Point72 Asset Management L.P. grew its stake in MasTec by 57.7% during the third quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company’s stock worth $94,096,000 after purchasing an additional 279,778 shares during the period. D1 Capital Partners L.P. acquired a new position in MasTec in the second quarter valued at approximately $79,494,000. Finally, Marshall Wace LLP lifted its stake in MasTec by 4.3% in the second quarter. Marshall Wace LLP now owns 718,086 shares of the construction company’s stock valued at $76,828,000 after buying an additional 29,631 shares during the period. Institutional investors own 78.10% of the company’s stock.

MasTec Trading Up 3.4 %

Shares of MasTec stock opened at $136.56 on Monday. 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 stock has a fifty day simple moving average of $135.24 and a 200 day simple moving average of $119.41. MasTec, Inc. has a 12-month low of $60.96 and a 12-month high of $150.12. The company has a market capitalization of $10.82 billion, a P/E ratio of 121.93 and a beta of 1.72.

Analyst Ratings Changes

Several research firms have recently weighed in on MTZ. UBS Group lifted their price objective on shares of MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial lifted their price target on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp increased their price objective on shares of MasTec from $123.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group boosted their target price on MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, B. Riley reiterated a “buy” rating and issued a $166.00 price target (up previously from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and an average price target of $150.23.

Insider Transactions at MasTec

In other MasTec news, COO Robert E. Apple sold 19,023 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $135.63, for a total value of $2,580,089.49. Following the transaction, the chief operating officer now owns 197,202 shares of the company’s stock, valued at approximately $26,746,507.26. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 42,478 shares of the company’s stock, valued at $6,159,310. This trade represents a 6.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,823 shares of company stock worth $4,619,121 in the last quarter. 21.30% of the stock is currently owned by corporate insiders.

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.