Capital Fund Management S.A. lifted its position in shares of MasTec, Inc. (NYSE:MTZ) by 29.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,262 shares of the construction company’s stock after buying an additional 40,300 shares during the period. Capital Fund Management S.A. owned approximately 0.22% of MasTec worth $8,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. FNY Partners Fund LP acquired a new stake in shares of MasTec in the 4th quarter valued at $122,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of MasTec in the fourth quarter valued at about $146,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of MasTec by 53.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the construction company’s stock valued at $166,000 after acquiring an additional 1,175 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of MasTec by 13.1% in the second quarter. Advisory Services Network LLC now owns 3,700 shares of the construction company’s stock valued at $167,000 after acquiring an additional 430 shares in the last quarter. Finally, Cpwm LLC purchased a new stake in MasTec during the fourth quarter worth about $208,000. Institutional investors and hedge funds own 78.56% of the company’s stock.
In related news, COO Robert E. Apple sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $55.07, for a total transaction of $1,376,750.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julia L. Johnson sold 29,607 shares of MasTec stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $51.11, for a total transaction of $1,513,213.77. Following the completion of the transaction, the director now directly owns 72,921 shares in the company, valued at approximately $3,726,992.31. The disclosure for this sale can be found here. Insiders sold 94,607 shares of company stock valued at $4,887,214 over the last three months. 20.30% of the stock is owned by insiders.
Shares of MasTec, Inc. (NYSE MTZ) traded up $0.35 on Friday, hitting $51.50. 578,356 shares of the company’s stock traded hands, compared to its average volume of 1,030,000. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.84 and a current ratio of 1.92. The firm has a market capitalization of $4,260.00, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.09 and a beta of 1.48. MasTec, Inc. has a one year low of $36.40 and a one year high of $55.53.
Several analysts have issued reports on MTZ shares. ValuEngine downgraded shares of MasTec from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Barclays started coverage on shares of MasTec in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $54.00 price objective for the company. Zacks Investment Research downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Craig Hallum upped their target price on shares of MasTec from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Robert W. Baird set a $56.00 target price on shares of MasTec and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. MasTec presently has a consensus rating of “Buy” and an average target price of $61.01.
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MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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