Private Advisor Group LLC Has $487,000 Position in MasTec, Inc. (NYSE:MTZ)

Private Advisor Group LLC boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 89.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,956 shares of the construction company’s stock after buying an additional 1,869 shares during the period. Private Advisor Group LLC’s holdings in MasTec were worth $487,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in shares of MasTec by 156.6% in the 1st quarter. BNP Paribas Financial Markets now owns 19,359 shares of the construction company’s stock worth $1,805,000 after acquiring an additional 11,816 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in MasTec during the first quarter valued at about $463,000. Jennison Associates LLC purchased a new stake in MasTec during the first quarter valued at about $231,000. Texas Permanent School Fund Corp lifted its holdings in shares of MasTec by 1.6% in the first quarter. Texas Permanent School Fund Corp now owns 52,806 shares of the construction company’s stock worth $4,924,000 after buying an additional 817 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in shares of MasTec in the first quarter worth about $843,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MTZ. UBS Group raised their target price 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. The Goldman Sachs Group increased their price target on shares of MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. DA Davidson increased their price target on shares of MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Robert W. Baird increased their price target on shares of MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research report on Monday. Finally, JPMorgan Chase & Co. began coverage on shares of MasTec in a research report on Monday, October 7th. They set an “overweight” rating and a $153.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.08.

MasTec Stock Performance

Shares of MasTec stock opened at $132.61 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $10.51 billion, a P/E ratio of 118.05 and a beta of 1.70. The business has a fifty day simple moving average of $119.20 and a two-hundred day simple moving average of $110.03. MasTec, Inc. has a 12 month low of $46.70 and a 12 month high of $138.87.

Insider Transactions at MasTec

In other news, COO Robert E. Apple sold 800 shares of MasTec stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $130.04, for a total value of $104,032.00. Following the completion of the transaction, the chief operating officer now owns 216,402 shares of the company’s stock, valued at $28,140,916.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Robert E. Apple sold 800 shares of MasTec stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $130.04, for a total value of $104,032.00. Following the completion of the sale, the chief operating officer now directly owns 216,402 shares in the company, valued at approximately $28,140,916.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total value of $348,780.00. Following the sale, the director now owns 48,173 shares of the company’s stock, valued at approximately $5,600,592.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,800 shares of company stock valued at $2,978,212 in the last quarter. 21.30% of the stock is owned by insiders.

MasTec Company 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.