Boston Partners trimmed its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,645 shares of the construction company's stock after selling 3,348 shares during the quarter. Boston Partners' holdings in MasTec were worth $1,858,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in MTZ. Atria Investments Inc bought a new stake in MasTec in the third quarter worth $302,000. Victory Capital Management Inc. lifted its stake in shares of MasTec by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company's stock valued at $1,583,000 after acquiring an additional 101 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of MasTec by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company's stock valued at $281,000 after acquiring an additional 82 shares during the last quarter. Caprock Group LLC boosted its holdings in MasTec by 13.4% during the 3rd quarter. Caprock Group LLC now owns 2,999 shares of the construction company's stock valued at $369,000 after acquiring an additional 354 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in MasTec during the 3rd quarter worth approximately $1,174,000. Hedge funds and other institutional investors own 78.10% of the company's stock.
Wall Street Analysts Forecast Growth
MTZ has been the subject of a number of analyst reports. KeyCorp increased their price objective on MasTec from $153.00 to $168.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. Barclays increased their price target on shares of MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Robert W. Baird decreased their price objective on shares of MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Citigroup increased their target price on shares of MasTec from $156.00 to $167.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, Stifel Nicolaus reduced their price target on MasTec from $185.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $160.07.
View Our Latest Stock Analysis on MTZ
MasTec Stock Down 2.0 %
Shares of NYSE MTZ traded down $2.68 during mid-day trading on Tuesday, hitting $129.00. 129,128 shares of the stock traded hands, compared to its average volume of 871,484. The company has a market cap of $10.23 billion, a price-to-earnings ratio of 115.45 and a beta of 1.74. The stock has a fifty day moving average price of $135.32 and a 200-day moving average price of $133.09. MasTec, Inc. has a 52 week low of $82.29 and a 52 week 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 announced its earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, beating 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 net margin of 0.73% and a return on equity of 8.27%. Research analysts anticipate that MasTec, Inc. will post 3.44 EPS 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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