MasTec, Inc. (NYSE:MTZ) Shares Bought by Barclays PLC

Barclays PLC grew its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 642.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,066 shares of the construction company's stock after purchasing an additional 209,472 shares during the period. Barclays PLC owned approximately 0.31% of MasTec worth $29,797,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in shares of MasTec in the second quarter worth $27,000. DekaBank Deutsche Girozentrale acquired a new stake in MasTec in the 2nd quarter valued at $40,000. UMB Bank n.a. raised its position in MasTec by 46.3% in the third quarter. UMB Bank n.a. now owns 379 shares of the construction company's stock valued at $47,000 after purchasing an additional 120 shares during the period. True Wealth Design LLC acquired a new position in shares of MasTec during the third quarter worth about $57,000. Finally, Blue Trust Inc. boosted its position in shares of MasTec by 32.6% in the second quarter. Blue Trust Inc. now owns 561 shares of the construction company's stock worth $60,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 78.10% of the company's stock.

Insider Activity at MasTec

In other MasTec news, COO Robert E. Apple sold 800 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $130.04, for a total value of $104,032.00. Following the sale, the chief operating officer now directly owns 216,402 shares of the company's stock, valued at $28,140,916.08. This trade represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, the director now directly owns 42,478 shares of the company's stock, valued at approximately $6,159,310. This trade represents a 6.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,823 shares of company stock valued at $7,493,301 in the last quarter. Insiders own 21.30% of the company's stock.

MasTec Stock Performance

Shares of NYSE MTZ traded up $0.36 during trading on Friday, reaching $137.78. The stock had a trading volume of 474,412 shares, compared to its average volume of 855,322. The firm's 50 day moving average price is $134.53 and its two-hundred day moving average price is $118.49. MasTec, Inc. has a one year low of $60.96 and a one year high of $150.12. The stock has a market cap of $10.92 billion, a PE ratio of 123.02 and a beta of 1.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial raised MasTec from a "hold" rating to a "buy" rating and boosted their price target for the stock from $133.00 to $173.00 in a research report on Tuesday, November 5th. Craig Hallum raised their price target on shares of MasTec from $125.00 to $150.00 and gave the company a "buy" rating in a report on Monday, November 4th. UBS Group boosted their price objective on shares of MasTec from $129.00 to $147.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Citigroup raised their target price on MasTec from $122.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, TD Cowen increased 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $149.00.

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.