Mariner LLC Purchases 457 Shares of MasTec, Inc. (NYSE:MTZ)

Mariner LLC grew its position in shares of MasTec, Inc. (NYSE:MTZ) by 20.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,639 shares of the construction company’s stock after acquiring an additional 457 shares during the quarter. Mariner LLC’s holdings in MasTec were worth $359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Cohen & Steers Inc. acquired a new position in MasTec during the fourth quarter worth $5,853,000. Barclays PLC raised its holdings in shares of MasTec by 13.7% in the 4th quarter. Barclays PLC now owns 275,216 shares of the construction company’s stock worth $37,468,000 after acquiring an additional 33,150 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in MasTec by 0.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,835 shares of the construction company’s stock valued at $1,883,000 after acquiring an additional 105 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in MasTec by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 27,550 shares of the construction company’s stock valued at $3,751,000 after purchasing an additional 170 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in MasTec during the 4th quarter valued at about $17,776,000. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Stock Up 5.3 %

Shares of NYSE MTZ opened at $141.07 on Friday. 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 stock has a market capitalization of $11.15 billion, a PE ratio of 125.96 and a beta of 1.71. MasTec, Inc. has a one year low of $89.96 and a one year high of $166.95. The business’s fifty day moving average price is $120.52 and its 200-day moving average price is $132.64.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, May 1st. The construction company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.34 by $0.17. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) earnings per share. On average, equities research analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTZ. KeyCorp dropped their target price on MasTec from $168.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Barclays lifted their price objective on shares of MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Robert W. Baird lowered their target price on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Citigroup cut their price target on shares of MasTec from $167.00 to $152.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Guggenheim reiterated a “buy” rating and issued a $195.00 price objective on shares of MasTec in a research note on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $151.00.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction on Monday, March 24th. The stock was sold at an average price of $131.63, for a total value of $331,312.71. Following the completion of the transaction, the director now directly owns 23,000 shares in the company, valued at approximately $3,027,490. The trade was a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 21.30% of the company’s stock.

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.