Aigen Investment Management LP Purchases Shares of 4,456 MasTec, Inc. (NYSE:MTZ)

Aigen Investment Management LP acquired a new position in shares of MasTec, Inc. (NYSE:MTZ) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,456 shares of the construction company’s stock, valued at approximately $549,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hobbs Group Advisors LLC purchased a new position in shares of MasTec in the 2nd quarter worth $27,000. GAMMA Investing LLC grew its position in MasTec by 64.9% in the second quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock worth $39,000 after acquiring an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in MasTec during the second quarter worth approximately $40,000. UMB Bank n.a. raised its position in MasTec by 46.3% during the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock valued at $47,000 after purchasing an additional 120 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of MasTec by 5,436.4% in the 1st quarter. Bessemer Group Inc. now owns 609 shares of the construction company’s stock valued at $57,000 after purchasing an additional 598 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Performance

Shares of MasTec stock opened at $139.32 on Thursday. The company has a market capitalization of $11.04 billion, a PE ratio of 124.39 and a beta of 1.70. The company has a 50-day simple moving average of $124.08 and a two-hundred day simple moving average of $112.91. MasTec, Inc. has a one year low of $50.90 and a one year high of $147.23. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Insider Transactions at MasTec

In other MasTec news, COO Robert E. Apple sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $126.27, for a total value of $2,525,400.00. Following the completion of the sale, the chief operating officer now directly owns 217,202 shares in the company, valued at $27,426,096.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MasTec news, COO Robert E. Apple sold 20,000 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $126.27, for a total value of $2,525,400.00. Following the completion of the sale, the chief operating officer now directly owns 217,202 shares in the company, valued at approximately $27,426,096.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Robert E. Apple sold 800 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $130.04, for a total value of $104,032.00. Following the completion of the sale, the chief operating officer now directly owns 216,402 shares of the company’s stock, valued at approximately $28,140,916.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,823 shares of company stock valued at $5,558,301 in the last 90 days. Insiders own 21.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MTZ. JPMorgan Chase & Co. began coverage on MasTec in a research report on Monday, October 7th. They set an “overweight” rating and a $153.00 target price on the stock. B. Riley reaffirmed a “buy” rating and issued a $166.00 price target (up previously from $151.00) on shares of MasTec in a research note on Tuesday, November 5th. DA Davidson boosted their price objective on shares of MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Stifel Nicolaus lifted their price target on shares of MasTec from $121.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Robert W. Baird increased their price objective on MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

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.