Bouvel Investment Partners LLC Sells 210 Shares of MasTec, Inc. (NYSE:MTZ)

Bouvel Investment Partners LLC decreased its stake in shares of MasTec, Inc. (NYSE:MTZ) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,785 shares of the construction company’s stock after selling 210 shares during the period. Bouvel Investment Partners LLC’s holdings in MasTec were worth $2,436,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its position in MasTec by 15,067.0% in the 2nd quarter. Pacer Advisors Inc. now owns 1,365,638 shares of the construction company’s stock worth $146,110,000 after purchasing an additional 1,356,634 shares in the last quarter. Hood River Capital Management LLC increased its position in shares of MasTec by 59.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company’s stock valued at $127,773,000 after purchasing an additional 446,762 shares during the last quarter. D1 Capital Partners L.P. bought a new stake in shares of MasTec during the 2nd quarter worth $79,494,000. Marshall Wace LLP grew its position in MasTec by 4.3% during the second quarter. Marshall Wace LLP now owns 718,086 shares of the construction company’s stock valued at $76,828,000 after buying an additional 29,631 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in MasTec by 6.3% in the third quarter. Vontobel Holding Ltd. now owns 531,393 shares of the construction company’s stock valued at $65,414,000 after acquiring an additional 31,266 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Insider Transactions at MasTec

In related news, COO Robert E. Apple sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the completion of the transaction, the chief operating officer now owns 217,202 shares of the company’s stock, 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 filing with the SEC, which is available through the SEC website. In other news, COO Robert E. Apple sold 20,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the completion of the sale, the chief operating officer now owns 217,202 shares in the company, valued at approximately $27,426,096.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Robert E. Apple sold 19,023 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $135.63, for a total value of $2,580,089.49. Following the completion of the sale, the chief operating officer now directly owns 197,202 shares of the company’s stock, valued at $26,746,507.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,823 shares of company stock valued at $5,558,301. 21.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MTZ has been the topic of several research reports. Stifel Nicolaus boosted their target price on MasTec from $121.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. DA Davidson increased their price objective on MasTec from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. B. Riley reiterated a “buy” rating and set a $166.00 price target (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Robert W. Baird upped their target price on shares of MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, UBS Group boosted their price objective on MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, MasTec presently has an average rating of “Moderate Buy” and a consensus price target of $148.62.

MasTec Stock Performance

MasTec stock opened at $139.32 on Thursday. MasTec, Inc. has a 52 week low of $50.90 and a 52 week high of $147.23. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The stock has a fifty day moving average price of $124.08 and a 200 day moving average price of $112.91. The firm has a market capitalization of $11.04 billion, a P/E ratio of 124.39 and a beta of 1.70.

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.