KRS Capital Management LLC Invests $443,000 in MasTec, Inc. (NYSE:MTZ)

KRS Capital Management LLC bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the fourth quarter, Holdings Channel reports. The fund bought 3,254 shares of the construction company’s stock, valued at approximately $443,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Atom Investors LP raised its position in shares of MasTec by 979.0% in the third quarter. Atom Investors LP now owns 61,018 shares of the construction company’s stock valued at $7,511,000 after buying an additional 55,363 shares during the last quarter. State Street Corp grew its position in shares of MasTec by 1.4% in the third quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock valued at $224,530,000 after purchasing an additional 24,522 shares in the last quarter. Makena Capital Management LLC increased its holdings in shares of MasTec by 41.4% in the third quarter. Makena Capital Management LLC now owns 87,146 shares of the construction company’s stock valued at $10,728,000 after purchasing an additional 25,532 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of MasTec during the 3rd quarter worth $1,470,000. Finally, Charles Schwab Investment Management Inc. raised its stake in MasTec by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company’s stock worth $77,592,000 after purchasing an additional 7,469 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MTZ has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on shares of MasTec in a research note on Monday, October 7th. They set an “overweight” rating and a $153.00 target price for the company. Truist Financial lifted their price objective on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. B. Riley restated a “buy” rating and set a $166.00 target price (up previously from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Guggenheim initiated coverage on MasTec in a research report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 target price on the stock. Finally, Robert W. Baird upped their target price on MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.07.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the sale, the director now owns 42,478 shares in the company, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief operating officer now owns 187,202 shares in the company, valued at $28,080,300. This represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,023 shares of company stock worth $4,515,089 over the last three months. 21.30% of the stock is currently owned by company insiders.

MasTec Price Performance

Shares of MTZ stock traded down $0.01 during trading hours on Friday, reaching $155.31. 771,673 shares of the company were exchanged, compared to its average volume of 699,861. The stock’s fifty day moving average is $141.38 and its two-hundred day moving average is $124.14. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 138.67 and a beta of 1.74. MasTec, Inc. has a fifty-two week low of $60.96 and a fifty-two week high of $157.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

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.