MasTec, Inc. (NYSE:MTZ) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in MasTec, Inc. (NYSE:MTZ) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,929 shares of the construction company’s stock after acquiring an additional 136 shares during the period. Natixis Advisors LLC’s holdings in MasTec were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTZ. Victory Capital Management Inc. increased its stake in shares of MasTec by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock worth $1,583,000 after purchasing an additional 101 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in MasTec by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company’s stock valued at $77,592,000 after buying an additional 7,469 shares during the last quarter. Raymond James Trust N.A. acquired a new position in shares of MasTec in the third quarter worth $276,000. Cerity Partners LLC lifted its position in shares of MasTec by 285.4% in the third quarter. Cerity Partners LLC now owns 23,151 shares of the construction company’s stock valued at $2,850,000 after acquiring an additional 17,144 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of MasTec by 43.5% in the third quarter. Daiwa Securities Group Inc. now owns 65,300 shares of the construction company’s stock valued at $8,038,000 after acquiring an additional 19,800 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of recent research reports. Guggenheim assumed coverage on MasTec in a research report on Wednesday, January 8th. They set a “buy” rating and a $195.00 price objective for the company. Citigroup boosted their price objective on shares of MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. B. Riley reaffirmed a “buy” rating and issued a $165.00 target price (up from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. Barclays boosted their price target on MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Finally, Robert W. Baird decreased their price objective on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.07.

MasTec Trading Up 6.4 %

Shares of MTZ stock opened at $131.93 on Tuesday. MasTec, Inc. has a fifty-two week low of $82.29 and a fifty-two week high of $166.95. The firm’s 50 day moving average price is $135.32 and its two-hundred day moving average price is $133.09. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of 117.80 and a beta of 1.74. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.32 billion. On average, analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current year.

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.