MasTec, Inc. (NYSE:MTZ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of MasTec, Inc. (NYSE:MTZ) have been given an average recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $158.57.

MTZ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. UBS Group increased their target price on MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus raised their target price on shares of MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. KeyCorp upped their price target on shares of MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, B. Riley reissued a “buy” rating and issued a $166.00 price objective (up from $151.00) on shares of MasTec in a research note on Tuesday, November 5th.

Insider Activity at MasTec

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

Institutional Trading of MasTec

Large investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in MasTec by 65.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company’s stock valued at $278,312,000 after purchasing an additional 895,227 shares in the last quarter. State Street Corp raised its holdings 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 acquiring an additional 24,522 shares in the last quarter. Hood River Capital Management LLC lifted its stake in MasTec by 3.5% in the fourth quarter. Hood River Capital Management LLC now owns 1,531,104 shares of the construction company’s stock worth $208,444,000 after acquiring an additional 51,531 shares during the period. Geode Capital Management LLC grew its holdings in MasTec by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company’s stock worth $126,370,000 after acquiring an additional 16,844 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in MasTec by 13.3% during the 4th quarter. AQR Capital Management LLC now owns 779,472 shares of the construction company’s stock valued at $106,117,000 after purchasing an additional 91,564 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of NYSE MTZ opened at $134.95 on Thursday. The firm’s fifty day moving average is $142.58 and its two-hundred day moving average is $130.48. MasTec has a 52-week low of $68.68 and a 52-week high of $166.95. The company has a market cap of $10.69 billion, a P/E ratio of 120.49 and a beta of 1.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

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.