Asset Management One Co. Ltd. Acquires 3,281 Shares of MasTec, Inc. (NYSE:MTZ)

Asset Management One Co. Ltd. increased its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,981 shares of the construction company's stock after purchasing an additional 3,281 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of MasTec worth $5,562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Creative Planning grew its position in shares of MasTec by 9.5% during the 3rd quarter. Creative Planning now owns 2,909 shares of the construction company's stock worth $358,000 after buying an additional 253 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of MasTec in the 3rd quarter valued at approximately $290,000. Community Trust & Investment Co. boosted its stake in MasTec by 1.1% during the 3rd quarter. Community Trust & Investment Co. now owns 183,317 shares of the construction company's stock worth $22,566,000 after acquiring an additional 2,036 shares during the last quarter. Private Advisor Group LLC grew its holdings in MasTec by 89.6% during the third quarter. Private Advisor Group LLC now owns 3,956 shares of the construction company's stock valued at $487,000 after purchasing an additional 1,869 shares during the period. Finally, Lecap Asset Management Ltd. bought a new stake in MasTec in the third quarter valued at approximately $901,000. Institutional investors own 78.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Robert W. Baird lifted their price target on shares of MasTec from $120.00 to $153.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. B. Riley reaffirmed a "buy" rating and set a $166.00 price objective (up previously from $151.00) on shares of MasTec in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their target price on MasTec from $155.00 to $185.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. KeyCorp increased their price target on MasTec from $153.00 to $168.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Finally, Craig Hallum lifted their price objective 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. According to MarketBeat, MasTec has an average rating of "Moderate Buy" and an average price target of $158.57.

Insider Transactions at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction 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 sale, the director now directly owns 42,478 shares in the company, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert E. Apple sold 10,000 shares of the stock in a transaction dated 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 approximately $28,080,300. This represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by insiders.

MasTec Stock Down 4.8 %

NYSE:MTZ traded down $6.43 during trading hours on Friday, reaching $126.35. 1,179,244 shares of the stock were exchanged, compared to its average volume of 970,045. The stock has a market cap of $10.01 billion, a PE ratio of 112.81 and a beta of 1.73. MasTec, Inc. has a twelve month low of $69.80 and a twelve month high of $166.95. The firm has a 50 day moving average of $142.48 and a 200 day moving average of $130.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

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.