MasTec, Inc. (NYSE:MTZ) Shares Purchased by Fmr LLC

Fmr LLC raised its stake in MasTec, Inc. (NYSE:MTZ) by 18.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,382 shares of the construction company’s stock after acquiring an additional 518 shares during the period. Fmr LLC’s holdings in MasTec were worth $416,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MTZ. Quantbot Technologies LP bought a new position in MasTec during the 3rd quarter worth $405,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of MasTec during the third quarter valued at $1,470,000. Daiwa Securities Group Inc. grew its position in shares of MasTec by 43.5% during the third quarter. Daiwa Securities Group Inc. now owns 65,300 shares of the construction company’s stock worth $8,038,000 after acquiring an additional 19,800 shares during the last quarter. Cerity Partners LLC grew its position in shares of MasTec by 285.4% during the third quarter. Cerity Partners LLC now owns 23,151 shares of the construction company’s stock worth $2,850,000 after acquiring an additional 17,144 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in shares of MasTec in the 3rd quarter worth about $276,000. 78.10% of the stock is owned by institutional investors.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated 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 directly owns 42,478 shares in the company, valued at $6,159,310. This trade represents a 6.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the sale, the chief operating officer now owns 187,202 shares in the company, valued at $28,080,300. This represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,823 shares of company stock valued at $4,619,121. Corporate insiders own 21.30% of the company’s stock.

MasTec Stock Up 1.0 %

MTZ stock opened at $132.07 on Friday. The firm has a market cap of $10.46 billion, a PE ratio of 117.92 and a beta of 1.72. MasTec, Inc. has a 12 month low of $60.96 and a 12 month high of $150.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $134.95 and a 200 day simple moving average of $119.01.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. B. Riley restated a “buy” rating and issued a $166.00 price target (up previously from $151.00) on shares of MasTec in a research note on Tuesday, November 5th. Truist Financial raised their target price on MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. started coverage on MasTec in a research report on Monday, October 7th. They set an “overweight” rating and a $153.00 price target for the company. The Goldman Sachs Group raised their price target on MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, KeyCorp upped their price objective on shares of MasTec from $123.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MasTec currently has an average rating of “Moderate Buy” and a consensus price target of $150.23.

About MasTec

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.