AlphaCrest Capital Management LLC acquired a new position in MasTec, Inc. (NYSE:MTZ – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,736 shares of the construction company’s stock, valued at approximately $555,000.
A number of other large investors also recently bought and sold shares of MTZ. Point72 Asset Management L.P. bought a new position in MasTec in the third quarter worth approximately $38,281,000. Vanguard Group Inc. raised its stake in MasTec by 8.8% in the first 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. increased its position in shares of MasTec by 43.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,285,284 shares of the construction company’s stock worth $111,948,000 after purchasing an additional 390,531 shares in the last quarter. Invesco Ltd. increased its position in shares of MasTec by 125.3% during the first quarter. Invesco Ltd. now owns 700,891 shares of the construction company’s stock worth $61,049,000 after purchasing an additional 389,752 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of MasTec during the second quarter worth $20,852,000. Institutional investors own 69.80% of the company’s stock.
MasTec Price Performance
NYSE:MTZ opened at $98.08 on Friday. MasTec, Inc. has a one year low of $62.36 and a one year high of $103.50. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 1.55. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 233.53 and a beta of 1.39. The firm’s fifty day moving average is $95.96 and its two-hundred day moving average is $86.23.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. StockNews.com raised MasTec from a “sell” rating to a “hold” rating in a research report on Friday, January 20th. Craig Hallum downgraded MasTec from a “buy” rating to a “hold” rating and set a $97.00 price target on the stock. in a research report on Monday, February 27th. Barclays upped their target price on MasTec from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, January 13th. Cowen cut their target price on MasTec from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 27th. Finally, B. Riley upped their target price on MasTec from $112.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, February 28th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.18.
MasTec, Inc engages in the provision of infrastructure construction services. It operates through the following segments: Communications, Oil and Gas, Clean Energy and Infrastructure, and Other. The Communications segment performs engineering, construction, maintenance, and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers.
- Get a free copy of the StockNews.com research report on MasTec (MTZ)
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