Dimensional Fund Advisors LP Has $160.66 Million Position in MasTec, Inc. (NYSE:MTZ)

Dimensional Fund Advisors LP trimmed its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,180,073 shares of the construction company's stock after selling 43,403 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.49% of MasTec worth $160,657,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MTZ. Barclays PLC raised its position in MasTec by 642.7% during the 3rd quarter. Barclays PLC now owns 242,066 shares of the construction company's stock worth $29,797,000 after buying an additional 209,472 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of MasTec in the third quarter valued at approximately $254,000. Sanctuary Advisors LLC acquired a new stake in MasTec during the third quarter worth about $500,000. Wilmington Savings Fund Society FSB acquired a new position in shares of MasTec in the 3rd quarter valued at $25,000. Finally, Blankinship & Foster LLC purchased a new position in shares of MasTec during the 3rd quarter worth approximately $246,000. 78.10% of the stock is currently owned by institutional investors.

MasTec Price Performance

NYSE:MTZ traded up $1.83 during mid-day trading on Tuesday, hitting $128.00. The company's stock had a trading volume of 349,204 shares, compared to its average volume of 935,421. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 114.21 and a beta of 1.62. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. MasTec, Inc. has a fifty-two week low of $86.12 and a fifty-two week high of $166.95. The stock has a fifty day moving average of $120.17 and a 200-day moving average of $132.51.

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

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $131.63, for a total transaction of $331,312.71. Following the transaction, the director now owns 23,000 shares in the company, valued at $3,027,490. The trade was a 9.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 21.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on MTZ shares. Piper Sandler initiated coverage on shares of MasTec in a research report on Tuesday, April 8th. They issued an "overweight" rating and a $134.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. B. Riley restated a "buy" rating and set a $165.00 price objective (up previously from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Guggenheim reissued a "buy" rating and issued a $195.00 target price on shares of MasTec in a research report on Tuesday, March 25th. Finally, Barclays upped their target price on shares of MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, MasTec presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.00.

MasTec Company 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.