Kera Capital Partners Inc. Purchases New Position in MasTec, Inc. (NYSE:MTZ)

Kera Capital Partners Inc. purchased a new position in MasTec, Inc. (NYSE:MTZ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,855 shares of the construction company's stock, valued at approximately $253,000.

Other large investors have also recently made changes to their positions in the company. Atom Investors LP raised its position in shares of MasTec by 979.0% in the 3rd quarter. Atom Investors LP now owns 61,018 shares of the construction company's stock worth $7,511,000 after acquiring an additional 55,363 shares in the last quarter. State Street Corp grew its stake in MasTec by 1.4% during the 3rd 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 during the last quarter. Makena Capital Management LLC grew its stake in MasTec by 41.4% during the 3rd 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 stake in MasTec during the 3rd quarter valued at about $1,470,000. Finally, Charles Schwab Investment Management Inc. grew its stake in MasTec by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company's stock valued at $77,592,000 after purchasing an additional 7,469 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction on 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 transaction, the chief operating officer now owns 187,202 shares of the company's stock, valued at $28,080,300. This represents a 5.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the director now directly owns 42,478 shares in the company, valued at $6,159,310. This trade represents a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,023 shares of company stock worth $4,515,089 in the last quarter. Company insiders own 21.30% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Truist Financial boosted their price target on MasTec from $173.00 to $189.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. started coverage on MasTec in a report on Monday, October 7th. They issued an "overweight" rating and a $153.00 price target for the company. UBS Group upped their price target on MasTec from $129.00 to $147.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. KeyCorp increased their target price on MasTec from $153.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Finally, Craig Hallum increased their target price on MasTec from $125.00 to $150.00 and gave the company a "buy" rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, MasTec presently has an average rating of "Moderate Buy" and a consensus target price of $155.07.

MasTec Price Performance

Shares of MTZ traded down $0.01 on Friday, reaching $155.31. The stock had a trading volume of 771,673 shares, compared to its average volume of 699,861. The firm has a market capitalization of $12.31 billion, a PE ratio of 138.67 and a beta of 1.74. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average of $141.38 and a 200 day moving average of $124.45. MasTec, Inc. has a twelve month low of $60.96 and a twelve month high of $157.32.

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.