Banco Santander S.A. acquired a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,149 shares of the construction company's stock, valued at approximately $4,241,000.
Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in MasTec by 65.6% in the third quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company's stock valued at $278,312,000 after buying an additional 895,227 shares during the last quarter. State Street Corp lifted its stake in MasTec by 1.4% in the third quarter. State Street Corp now owns 1,823,967 shares of the construction company's stock valued at $224,530,000 after buying an additional 24,522 shares during the last quarter. Geode Capital Management LLC lifted its stake in MasTec by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company's stock valued at $126,370,000 after buying an additional 16,844 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in MasTec by 57.7% in the third quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company's stock valued at $94,096,000 after buying an additional 279,778 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in MasTec by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company's stock valued at $77,592,000 after buying an additional 7,469 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
MTZ has been the topic of a number of recent research reports. Citigroup raised their target price on MasTec from $156.00 to $167.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Robert W. Baird cut their price objective on shares of MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Barclays lifted their price objective on shares of MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price objective on shares of MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Finally, KeyCorp lifted their price objective on shares of MasTec from $153.00 to $168.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $160.14.
Check Out Our Latest Stock Report on MasTec
MasTec Trading Up 3.2 %
MTZ traded up $3.70 during trading on Wednesday, reaching $118.17. The company had a trading volume of 1,412,021 shares, compared to its average volume of 1,182,374. The firm's 50-day simple moving average is $139.12 and its 200 day simple moving average is $132.16. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 105.51 and a beta of 1.74. MasTec, Inc. has a 12-month low of $82.29 and a 12-month high of $166.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.
MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.08. The firm had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. Equities research analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current year.
About MasTec
(
Free Report)
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.
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