4,456 Shares in MasTec, Inc. (NYSE:MTZ) Purchased by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in MasTec, Inc. (NYSE:MTZ - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,456 shares of the construction company's stock, valued at approximately $549,000.

Other hedge funds have also recently made changes to their positions in the company. Hobbs Group Advisors LLC purchased a new position in MasTec in the 2nd quarter worth approximately $27,000. GAMMA Investing LLC raised its position in shares of MasTec by 64.9% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company's stock valued at $39,000 after buying an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of MasTec in the second quarter valued at $40,000. UMB Bank n.a. increased its holdings 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 buying an additional 120 shares during the period. Finally, Bessemer Group Inc. increased its position in MasTec by 5,436.4% during the 1st quarter. Bessemer Group Inc. now owns 609 shares of the construction company's stock valued at $57,000 after buying an additional 598 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

MasTec Trading Down 1.8 %

Shares of MTZ stock traded down $2.47 during trading hours on Thursday, hitting $136.85. 431,694 shares of the company were exchanged, compared to its average volume of 856,478. MasTec, Inc. has a 1 year low of $52.19 and a 1 year high of $147.23. The firm has a fifty day moving average of $124.08 and a 200 day moving average of $112.91. The firm has a market cap of $10.84 billion, a PE ratio of 124.39 and a beta of 1.70. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Craig Hallum raised their target price on MasTec from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Robert W. Baird increased their price objective on shares of MasTec from $120.00 to $153.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. KeyCorp boosted their price objective on MasTec from $123.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. DA Davidson lifted their price target on MasTec from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. initiated coverage on shares of MasTec in a research note on Monday, October 7th. They set an "overweight" rating and a $153.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, MasTec has a consensus rating of "Moderate Buy" and a consensus price target of $148.62.

Insider Activity

In related news, COO Robert E. Apple sold 800 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $130.04, for a total value of $104,032.00. Following the transaction, the chief operating officer now owns 216,402 shares in the company, valued at approximately $28,140,916.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, COO Robert E. Apple sold 800 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $130.04, for a total transaction of $104,032.00. Following the completion of the transaction, the chief operating officer now directly owns 216,402 shares in the company, valued at approximately $28,140,916.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total transaction of $348,780.00. Following the completion of the sale, the director now owns 48,173 shares in the company, valued at approximately $5,600,592.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,823 shares of company stock valued at $5,558,301 in the last ninety days. Company insiders own 21.30% of the company's stock.

MasTec 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.