Charles Schwab Investment Management Inc. Trims Stock Holdings in MasTec, Inc. (NYSE:MTZ)

Charles Schwab Investment Management Inc. reduced its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 624,468 shares of the construction company's stock after selling 5,847 shares during the period. Charles Schwab Investment Management Inc. owned about 0.79% of MasTec worth $85,015,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in MasTec during the third quarter worth about $25,000. Ameliora Wealth Management Ltd. bought a new position in MasTec in the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted its holdings in MasTec by 93.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after buying an additional 128 shares during the period. Global Retirement Partners LLC grew its stake in MasTec by 162.4% in the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock valued at $42,000 after buying an additional 190 shares in the last quarter. Finally, R Squared Ltd bought a new stake in MasTec during the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 78.10% of the company's stock.

Analysts Set New Price Targets

MTZ has been the subject of several recent research reports. Guggenheim assumed coverage on MasTec in a research report on Wednesday, January 8th. They issued a "buy" rating and a $195.00 price target for the company. KeyCorp upped their price objective on MasTec from $153.00 to $168.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Barclays lifted their target price on shares of MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Truist Financial increased their price objective on MasTec from $173.00 to $189.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $160.14.

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MasTec Stock Up 3.5 %

MasTec stock traded up $4.08 during mid-day trading on Friday, reaching $120.61. The stock had a trading volume of 695,330 shares, compared to its average volume of 850,815. The company has a 50-day moving average price of $138.29 and a two-hundred day moving average price of $131.96. MasTec, Inc. has a one year low of $82.29 and a one year high of $166.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 107.69 and a beta of 1.74.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. On average, analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

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.