Wipfli Financial Advisors LLC bought a new stake in shares of MasTec, Inc. (NYSE:MTZ – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 667 shares of the construction company’s stock, valued at approximately $42,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of MasTec by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,519,211 shares of the construction company’s stock worth $480,724,000 after buying an additional 447,376 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of MasTec by 43.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,285,284 shares of the construction company’s stock worth $111,948,000 after buying an additional 390,531 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of MasTec by 125.3% during the 1st quarter. Invesco Ltd. now owns 700,891 shares of the construction company’s stock worth $61,049,000 after buying an additional 389,752 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of MasTec by 742.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 330,311 shares of the construction company’s stock worth $23,476,000 after buying an additional 291,117 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in shares of MasTec during the 2nd quarter worth approximately $20,852,000. Institutional investors and hedge funds own 69.80% of the company’s stock.
Analyst Upgrades and Downgrades
MTZ has been the topic of a number of recent research reports. Cowen cut their target price on MasTec from $125.00 to $120.00 in a report on Tuesday, December 27th. B. Riley increased their target price on MasTec from $90.00 to $112.00 in a report on Monday, November 7th. Citigroup increased their target price on MasTec from $90.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 7th. Cowen cut their target price on MasTec from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, December 27th. Finally, Credit Suisse Group increased their target price on MasTec from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, November 7th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.30.
MasTec Trading Down 3.0 %
MasTec (NYSE:MTZ – Get Rating) last announced its earnings results on Thursday, November 3rd. The construction company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. MasTec had a return on equity of 9.21% and a net margin of 1.24%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.54 billion. Equities research analysts anticipate that MasTec, Inc. will post 2.79 EPS for the current year.
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 Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments.
- Get a free copy of the StockNews.com research report on MasTec (MTZ)
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