MasTec, Inc. (NYSE:MTZ) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 668.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,792 shares of the construction company's stock after purchasing an additional 25,044 shares during the period. BNP Paribas Financial Markets' holdings in MasTec were worth $3,544,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund Corp grew its holdings in MasTec by 8.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 57,522 shares of the construction company's stock valued at $6,154,000 after purchasing an additional 4,716 shares in the last quarter. Makena Capital Management LLC grew its stake in shares of MasTec by 41.4% during the third quarter. Makena Capital Management LLC now owns 87,146 shares of the construction company's stock valued at $10,728,000 after acquiring an additional 25,532 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of MasTec during the third quarter valued at about $1,470,000. Charles Schwab Investment Management Inc. increased its position in shares of MasTec by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company's stock worth $77,592,000 after acquiring an additional 7,469 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of MasTec by 356.7% in the second quarter. XTX Topco Ltd now owns 11,212 shares of the construction company's stock worth $1,200,000 after acquiring an additional 8,757 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Insider Activity at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert E. Apple sold 20,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the completion of the transaction, the chief operating officer now owns 217,202 shares of the company's stock, valued at $27,426,096.54. This trade represents a 8.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,823 shares of company stock worth $7,493,301 in the last three months. 21.30% of the stock is owned by company insiders.

MasTec Stock Performance

Shares of NYSE:MTZ traded down $1.89 during trading hours on Thursday, hitting $141.18. The stock had a trading volume of 832,607 shares, compared to its average volume of 856,593. The stock's fifty day simple moving average is $133.01 and its 200 day simple moving average is $117.33. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 126.05 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. MasTec, Inc. has a 1-year low of $60.96 and a 1-year high of $150.12.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. assumed coverage on MasTec in a research note on Monday, October 7th. They set an "overweight" rating and a $153.00 price objective for the company. The Goldman Sachs Group boosted their price objective on MasTec from $115.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Stifel Nicolaus increased their target price on MasTec from $121.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. TD Cowen boosted 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. Finally, B. Riley reissued a "buy" rating and set a $166.00 price target (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $148.62.

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.