9,553 Shares in MasTec, Inc. (NYSE:MTZ) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,553 shares of the construction company's stock, valued at approximately $1,301,000.

Several other institutional investors also recently bought and sold shares of MTZ. Pacer Advisors Inc. boosted its holdings in MasTec by 65.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company's stock valued at $278,312,000 after acquiring an additional 895,227 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in MasTec by 266.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 397,467 shares of the construction company's stock valued at $48,928,000 after acquiring an additional 289,090 shares during the period. Point72 Asset Management L.P. boosted its holdings in MasTec by 57.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company's stock valued at $94,096,000 after acquiring an additional 279,778 shares during the period. Barclays PLC boosted its holdings in MasTec by 642.7% during the 3rd quarter. Barclays PLC now owns 242,066 shares of the construction company's stock valued at $29,797,000 after acquiring an additional 209,472 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in MasTec by 205.4% during the 3rd quarter. Van ECK Associates Corp now owns 282,970 shares of the construction company's stock valued at $34,613,000 after acquiring an additional 190,320 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTZ has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on MasTec from $155.00 to $185.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Craig Hallum increased their target price on MasTec from $125.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their target price on MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. TD Cowen increased their target price on MasTec from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, Guggenheim started coverage on MasTec in a research report on Wednesday, January 8th. They issued a "buy" rating and a $195.00 target price for the company. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $158.57.

Insider Buying and Selling at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the sale, the chief operating officer now directly owns 187,202 shares in the company, valued at approximately $28,080,300. This trade represents a 5.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the director now owns 42,478 shares in the company, valued at approximately $6,159,310. This trade represents a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

MasTec Stock Down 1.1 %

MTZ traded down $1.48 during trading on Friday, hitting $135.48. 656,864 shares of the company's stock traded hands, compared to its average volume of 980,602. The company's 50 day simple moving average is $142.55 and its two-hundred day simple moving average is $129.71. 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 12-month low of $68.68 and a 12-month high of $166.95. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 120.96 and a beta of 1.73.

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.