Dana Investment Advisors Inc. Sells 10,231 Shares of MasTec, Inc. (NYSE:MTZ)

Dana Investment Advisors Inc. decreased its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,222 shares of the construction company's stock after selling 10,231 shares during the period. Dana Investment Advisors Inc.'s holdings in MasTec were worth $5,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTZ. Wilmington Savings Fund Society FSB bought a new position in MasTec in the 3rd quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. acquired a new position in MasTec in the 4th quarter valued at approximately $25,000. Smartleaf Asset Management LLC increased its position in MasTec by 93.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock valued at $36,000 after acquiring an additional 128 shares during the period. Global Retirement Partners LLC increased its position 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 acquiring an additional 190 shares during the period. Finally, R Squared Ltd acquired a new position in MasTec in the 4th quarter valued at approximately $44,000. Institutional investors own 78.10% of the company's stock.

Analyst Upgrades and Downgrades

MTZ has been the subject of several recent research reports. Guggenheim initiated coverage on shares of MasTec in a research report on Wednesday, January 8th. They issued a "buy" rating and a $195.00 price target for the company. Stifel Nicolaus decreased their price target on shares of MasTec from $185.00 to $175.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. KeyCorp upped their price target on shares of MasTec from $153.00 to $168.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target 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. Finally, Truist Financial upped their price target on shares of MasTec from $173.00 to $189.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, MasTec presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.14.

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MasTec Trading Down 3.0 %

Shares of MasTec stock traded down $3.51 on Friday, hitting $115.33. 1,613,825 shares of the company's stock traded hands, compared to its average volume of 1,136,669. 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 fifty day moving average of $140.09 and a two-hundred day moving average of $132.15. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 102.97 and a beta of 1.74.

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 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 for the quarter, compared to analyst estimates of $3.32 billion. As a group, sell-side analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current 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.