Creative Planning Boosts Stock Position in MasTec, Inc. $MTZ

Creative Planning boosted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 19.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,221 shares of the construction company’s stock after acquiring an additional 1,033 shares during the quarter. Creative Planning’s holdings in MasTec were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hill City Capital LP lifted its holdings in shares of MasTec by 0.7% during the first quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company’s stock worth $250,343,000 after purchasing an additional 15,000 shares during the period. Dimensional Fund Advisors LP raised its position in MasTec by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company’s stock worth $142,331,000 after buying an additional 39,622 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of MasTec by 163.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock worth $121,843,000 after acquiring an additional 648,184 shares during the period. AQR Capital Management LLC boosted its holdings in shares of MasTec by 23.6% in the first quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company’s stock valued at $106,234,000 after acquiring an additional 184,277 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of MasTec by 14.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 442,363 shares of the construction company’s stock valued at $51,628,000 after acquiring an additional 55,332 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Ratings Changes

MTZ has been the subject of several analyst reports. Jefferies Financial Group increased their price target on shares of MasTec from $218.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. DA Davidson set a $210.00 price target on MasTec and gave the company a “buy” rating in a report on Monday, August 4th. TD Cowen lifted their price target on MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Zacks Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, The Goldman Sachs Group lifted their price target on shares of MasTec from $195.00 to $227.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $229.44.

MasTec Price Performance

Shares of NYSE:MTZ opened at $212.01 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The business’s fifty day moving average price is $205.08 and its two-hundred day moving average price is $184.18. The stock has a market cap of $16.73 billion, a PE ratio of 62.72 and a beta of 1.88. MasTec, Inc. has a one year low of $99.70 and a one year high of $224.03.

Insider Activity at MasTec

In other MasTec news, CAO Timothy Michael Love sold 1,929 shares of the firm’s stock in a transaction dated 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 directly owned 9,757 shares of the company’s stock, valued at $2,011,405.55. This trade represents a 16.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Robert Campbell sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $210.39, for a total transaction of $420,780.00. Following the completion of the transaction, the director directly owned 33,277 shares of the company’s stock, valued at approximately $7,001,148.03. This represents a 5.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,929 shares of company stock valued at $3,394,013 over the last quarter. 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.