Assenagon Asset Management S.A. Sells 140,307 Shares of MasTec, Inc. (NYSE:MTZ)

Assenagon Asset Management S.A. decreased its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 43.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 186,175 shares of the construction company's stock after selling 140,307 shares during the quarter. Assenagon Asset Management S.A. owned 0.23% of MasTec worth $25,346,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of MasTec in the third quarter worth about $25,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of MasTec in the 2nd quarter valued at approximately $40,000. UMB Bank n.a. boosted its stake in MasTec by 46.3% in the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company's stock worth $47,000 after purchasing an additional 120 shares during the period. True Wealth Design LLC purchased a new position in MasTec during the 3rd quarter worth approximately $57,000. Finally, GAMMA Investing LLC raised its stake in MasTec by 39.9% during the 3rd quarter. GAMMA Investing LLC now owns 512 shares of the construction company's stock valued at $63,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 78.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Cowen lifted their price target on MasTec from $115.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 4th. Robert W. Baird lifted their target price on MasTec from $120.00 to $153.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. UBS Group upped their target price on MasTec from $129.00 to $147.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of MasTec from $115.00 to $130.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Finally, Citigroup upped their price objective on shares of MasTec from $122.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.07.

MasTec Stock Down 0.0 %

MasTec stock traded down $0.01 during mid-day trading on Friday, hitting $155.31. 771,673 shares of the company's stock were exchanged, compared to its average volume of 867,334. MasTec, Inc. has a 1-year low of $60.96 and a 1-year high of $157.32. The stock has a 50 day moving average of $141.17 and a two-hundred day moving average of $123.78. 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 market cap of $12.31 billion, a P/E ratio of 138.67 and a beta of 1.74.

Insider Transactions at MasTec

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

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.