MasTec, Inc. (NYSE:MTZ) Stock Holdings Lifted by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 173.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 587,788 shares of the construction company's stock after buying an additional 373,145 shares during the period. First Trust Advisors LP owned approximately 0.74% of MasTec worth $80,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTZ. Ameliora Wealth Management Ltd. acquired a new position in shares of MasTec during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its holdings in MasTec by 181.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of MasTec during the third quarter valued at approximately $25,000. Smartleaf Asset Management LLC lifted its position in shares of MasTec by 93.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after purchasing an additional 128 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in MasTec by 162.4% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock worth $42,000 after buying an additional 190 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of analyst reports. KeyCorp reduced their price target on MasTec from $168.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. 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 report on Tuesday, January 28th. Piper Sandler started coverage on shares of MasTec in a research note on Tuesday, April 8th. They set an "overweight" rating and a $134.00 price objective on the stock. Citigroup cut their target price on shares of MasTec from $167.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Wolfe Research started coverage on MasTec in a report on Monday, March 31st. They issued a "peer perform" rating for the company. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $151.00.

MasTec Stock Performance

MasTec stock traded up $2.26 during mid-day trading on Friday, hitting $125.09. 504,775 shares of the company's stock traded hands, compared to its average volume of 937,657. MasTec, Inc. has a one year low of $86.06 and a one year high of $166.95. The company has a market cap of $9.89 billion, a PE ratio of 111.69 and a beta of 1.62. The firm has a 50 day moving average price of $120.35 and a 200 day moving average price of $132.45. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

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

Insider Activity at MasTec

In related 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 directly owns 23,000 shares of the company's stock, valued at $3,027,490. The trade was a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.30% of the company's stock.

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.