Baader Bank Aktiengesellschaft Invests $457,000 in MasTec, Inc. (NYSE:MTZ)

Baader Bank Aktiengesellschaft bought a new position in MasTec, Inc. (NYSE:MTZ - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 3,355 shares of the construction company's stock, valued at approximately $457,000.

A number of other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in MasTec by 169.7% during the second quarter. Envestnet Asset Management Inc. now owns 21,703 shares of the construction company's stock worth $2,322,000 after acquiring an additional 13,656 shares in the last quarter. Creative Planning bought a new stake in shares of MasTec in the 2nd quarter worth approximately $284,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MasTec in the 2nd quarter worth approximately $86,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in MasTec during the 2nd quarter valued at approximately $1,032,000. Finally, SG Americas Securities LLC raised its stake in MasTec by 99.1% during the third quarter. SG Americas Securities LLC now owns 7,523 shares of the construction company's stock valued at $926,000 after buying an additional 3,744 shares during the last quarter. Institutional investors own 78.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MTZ shares. The Goldman Sachs Group increased their target price on MasTec from $115.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. B. Riley reissued a "buy" rating and set a $166.00 price objective (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. KeyCorp lifted their target price on shares of MasTec from $153.00 to $168.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. TD Cowen increased their price target on shares of MasTec from $115.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Stifel Nicolaus boosted their price objective on shares of MasTec from $155.00 to $185.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $158.57.

Insider Activity at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the 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 completion of the sale, the director now directly owns 42,478 shares of the company's stock, valued at approximately $6,159,310. This represents a 6.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 directly owns 187,202 shares in the company, valued at $28,080,300. This represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

MasTec Stock Performance

Shares of MasTec stock traded down $3.32 during trading hours on Monday, reaching $141.77. 448,432 shares of the stock traded hands, compared to its average volume of 1,020,341. MasTec, Inc. has a one year low of $66.66 and a one year high of $166.95. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 126.58 and a beta of 1.73. 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 company has a 50 day moving average price of $143.18 and a 200 day moving average price of $127.67.

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.