Boston Partners Buys 2,471 Shares of MasTec, Inc. $MTZ

Boston Partners boosted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 16.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,587 shares of the construction company’s stock after acquiring an additional 2,471 shares during the quarter. Boston Partners’ holdings in MasTec were worth $2,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of MTZ. LPL Financial LLC boosted its holdings in MasTec by 535.1% in the first quarter. LPL Financial LLC now owns 130,314 shares of the construction company’s stock valued at $15,209,000 after acquiring an additional 109,794 shares in the last quarter. Voya Investment Management LLC raised its holdings in MasTec by 33.1% in the 1st quarter. Voya Investment Management LLC now owns 46,446 shares of the construction company’s stock worth $5,421,000 after purchasing an additional 11,551 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of MasTec by 16.3% in the 2nd quarter. Sterling Capital Management LLC now owns 79,049 shares of the construction company’s stock worth $13,472,000 after purchasing an additional 11,071 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of MasTec during the 2nd quarter valued at about $35,000. Finally, Stephens Inc. AR increased its position in shares of MasTec by 55.9% during the second quarter. Stephens Inc. AR now owns 3,669 shares of the construction company’s stock valued at $625,000 after buying an additional 1,315 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MasTec news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $200.44, for a total value of $2,004,400.00. Following the completion of the transaction, the chief operating officer directly owned 184,249 shares of the company’s stock, valued at approximately $36,930,869.56. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Timothy Michael Love sold 1,929 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $206.15, for a total transaction of $397,663.35. Following the sale, the chief accounting officer owned 9,757 shares in the company, valued at approximately $2,011,405.55. The trade was a 16.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,929 shares of company stock worth $3,394,013 in the last quarter. Corporate insiders own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho set a $254.00 price objective on shares of MasTec in a report on Monday, November 3rd. Wolfe Research upgraded MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Wednesday, September 17th. Guggenheim restated a “neutral” rating and set a $215.00 price target on shares of MasTec in a research report on Wednesday, October 15th. Truist Financial increased their price objective on MasTec from $248.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, The Goldman Sachs Group boosted their target price on shares of MasTec from $195.00 to $227.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $229.44.

MasTec Stock Up 0.7%

Shares of NYSE:MTZ opened at $212.01 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The stock has a fifty day simple moving average of $205.08 and a two-hundred day simple moving average of $184.18. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $224.03. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 62.72 and a beta of 1.88.

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.