Asset Management One Co. Ltd. Has $14.68 Million Position in MasTec, Inc. $MTZ

Asset Management One Co. Ltd. boosted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 74.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,024 shares of the construction company’s stock after buying an additional 29,439 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.09% of MasTec worth $14,677,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Rothschild Investment LLC boosted its holdings in shares of MasTec by 22.5% during the 2nd quarter. Rothschild Investment LLC now owns 338 shares of the construction company’s stock worth $58,000 after buying an additional 62 shares in the last quarter. Parallel Advisors LLC grew its stake in MasTec by 37.1% in the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock valued at $52,000 after acquiring an additional 82 shares during the period. Fifth Third Wealth Advisors LLC raised its position in MasTec by 4.5% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,130 shares of the construction company’s stock valued at $453,000 after buying an additional 91 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in MasTec by 4.9% during the second quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company’s stock worth $338,000 after purchasing an additional 93 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its position in MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after acquiring an additional 93 shares during the period. Institutional investors own 78.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MTZ. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Robert W. Baird increased their target price on MasTec from $238.00 to $249.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a report on Monday, December 29th. Stifel Nicolaus increased their target price on MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, KeyCorp upped their price target on shares of MasTec from $236.00 to $246.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, MasTec presently has an average rating of “Buy” and a consensus price target of $232.06.

MasTec Price Performance

NYSE MTZ opened at $235.79 on Wednesday. MasTec, Inc. has a one year low of $99.70 and a one year high of $237.76. The stock has a 50-day moving average of $212.15 and a 200 day moving average of $196.27. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.30 and a current ratio of 1.33. The company has a market capitalization of $18.60 billion, a price-to-earnings ratio of 56.01 and a beta of 1.91.

Insider Activity at MasTec

In other news, CAO Timothy Michael Love sold 1,929 shares of the business’s 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 completion of the transaction, the chief accounting officer directly owned 9,757 shares of the company’s stock, valued at $2,011,405.55. The trade was a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 21.30% of the stock is owned by corporate insiders.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.