First National Bank of Omaha Cuts Stock Holdings in MasTec, Inc. (NYSE:MTZ)

First National Bank of Omaha lessened its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 30.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 40,356 shares of the construction company's stock after selling 17,786 shares during the period. First National Bank of Omaha owned 0.05% of MasTec worth $4,968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of MasTec by 15,067.0% during the second quarter. Pacer Advisors Inc. now owns 1,365,638 shares of the construction company's stock worth $146,110,000 after purchasing an additional 1,356,634 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in MasTec during the 2nd quarter valued at approximately $79,494,000. Hood River Capital Management LLC grew its holdings in MasTec by 59.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company's stock valued at $127,773,000 after buying an additional 446,762 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of MasTec by 266.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 397,467 shares of the construction company's stock valued at $48,928,000 after buying an additional 289,090 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of MasTec by 57.7% in the third quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company's stock worth $94,096,000 after buying an additional 279,778 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MTZ shares. Truist Financial raised shares of MasTec from a "hold" rating to a "buy" rating and raised their target price for the company from $133.00 to $173.00 in a research note on Tuesday, November 5th. Citigroup lifted their target price on MasTec from $122.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. UBS Group increased their price target on MasTec from $129.00 to $147.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. TD Cowen lifted their price objective on MasTec from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group increased their target price on MasTec from $115.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $148.62.

Insider Activity

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the transaction, the director now directly owns 42,478 shares in the company, valued at $6,159,310. This represents a 6.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,823 shares of company stock valued at $7,493,301. 21.30% of the stock is currently owned by insiders.

MasTec Trading Up 0.5 %

MasTec stock traded up $0.65 during midday trading on Friday, reaching $141.92. The stock had a trading volume of 637,294 shares, compared to its average volume of 818,504. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 126.71 and a beta of 1.72. MasTec, Inc. has a 52-week low of $60.96 and a 52-week high of $150.12. The company has a fifty day moving average of $133.39 and a 200 day moving average of $117.67.

About MasTec

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.