10,763 Shares in MasTec, Inc. $MTZ Bought by Cibc World Market Inc.

Cibc World Market Inc. bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,763 shares of the construction company’s stock, valued at approximately $2,290,000.

A number of other large investors have also modified their holdings of MTZ. Salomon & Ludwin LLC grew its holdings in MasTec by 344.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after purchasing an additional 93 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of MasTec in the second quarter worth about $29,000. Parkside Financial Bank & Trust boosted its holdings in MasTec by 253.7% in the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after purchasing an additional 137 shares during the last quarter. Evelyn Partners Asset Management Ltd purchased a new position in MasTec in the second quarter valued at about $43,000. Finally, Princeton Global Asset Management LLC acquired a new stake in MasTec during the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Price Performance

NYSE MTZ opened at $269.88 on Tuesday. The stock has a market capitalization of $21.29 billion, a P/E ratio of 64.11 and a beta of 1.94. 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 business’s fifty day moving average is $235.31 and its two-hundred day moving average is $210.45. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $276.79.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their target price on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Cantor Fitzgerald initiated coverage on shares of MasTec in a report on Friday, January 23rd. They issued an “overweight” rating and a $274.00 price target for the company. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Mizuho set a $254.00 price objective on shares of MasTec in a research note on Monday, November 3rd. Finally, KeyCorp restated an “overweight” rating and issued a $264.00 target price on shares of MasTec in a research note on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $238.16.

MasTec 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.