Crossmark Global Holdings Inc. Has $1.44 Million Stock Holdings in MasTec, Inc. (NYSE:MTZ)

Crossmark Global Holdings Inc. boosted its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 216.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,673 shares of the construction company's stock after purchasing an additional 7,984 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in MasTec were worth $1,437,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of MasTec by 156.6% during the 1st quarter. BNP Paribas Financial Markets now owns 19,359 shares of the construction company's stock worth $1,805,000 after buying an additional 11,816 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of MasTec in the first quarter worth about $463,000. SG Americas Securities LLC increased its stake in shares of MasTec by 10.0% in the first quarter. SG Americas Securities LLC now owns 6,801 shares of the construction company's stock worth $634,000 after purchasing an additional 619 shares during the period. Russell Investments Group Ltd. boosted its stake in MasTec by 139.0% during the 1st quarter. Russell Investments Group Ltd. now owns 60,406 shares of the construction company's stock valued at $5,633,000 after purchasing an additional 35,130 shares during the period. Finally, Motco bought a new stake in MasTec during the 1st quarter valued at approximately $214,000. Institutional investors own 78.10% of the company's stock.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total transaction of $348,780.00. Following the completion of the sale, the director now directly owns 48,173 shares of the company's stock, valued at $5,600,592.98. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Robert E. Apple sold 20,000 shares of the firm's 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 directly owns 217,202 shares in the company, valued at approximately $27,426,096.54. The trade was a 8.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,823 shares of company stock worth $5,558,301. 21.30% of the stock is currently owned by corporate insiders.

MasTec Price Performance

MTZ stock traded down $1.92 during trading on Thursday, hitting $137.40. 829,317 shares of the stock traded hands, compared to its average volume of 858,277. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 122.68 and a beta of 1.70. MasTec, Inc. has a one year low of $52.19 and a one year high of $147.23. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The company has a 50 day simple moving average of $124.81 and a 200 day simple moving average of $113.08.

Analysts Set New Price Targets

A number of brokerages have recently commented on MTZ. The Goldman Sachs Group upped their price target on MasTec from $115.00 to $130.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. TD Cowen increased their price target on shares of MasTec from $115.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 4th. Stifel Nicolaus boosted their price objective on shares of MasTec from $121.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. B. Riley reiterated a "buy" rating and issued a $166.00 target price (up previously from $151.00) on shares of MasTec in a research note on Tuesday, November 5th. Finally, DA Davidson lifted their target price on MasTec from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, MasTec 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.