Dorsey & Whitney Trust CO LLC Reduces Holdings in MasTec, Inc. (NYSE:MTZ)

Dorsey & Whitney Trust CO LLC decreased its position in MasTec, Inc. (NYSE:MTZ) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,983 shares of the construction company’s stock after selling 1,022 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in MasTec were worth $542,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MTZ. Ameliora Wealth Management Ltd. purchased a new position in shares of MasTec during the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of MasTec during the 3rd quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted its position in shares of MasTec by 93.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock worth $36,000 after purchasing an additional 128 shares during the period. Global Retirement Partners LLC boosted its position in shares of MasTec by 162.4% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock worth $42,000 after purchasing an additional 190 shares during the period. Finally, R Squared Ltd purchased a new position in shares of MasTec during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of MTZ opened at $108.45 on Tuesday. MasTec, Inc. has a twelve month low of $82.29 and a twelve month high of $166.95. The firm’s fifty day simple moving average is $140.09 and its 200-day simple moving average is $132.15. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 96.83 and a beta of 1.74. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.32 billion. Equities analysts forecast that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on MTZ. KeyCorp increased their price objective on shares of MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price objective on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Stifel Nicolaus lowered their price objective on shares of MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Guggenheim began coverage on shares of MasTec in a report on Wednesday, January 8th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Robert W. Baird reduced their target price on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, MasTec presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.14.

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.