MasTec, Inc. (NYSE:MTZ) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lowered its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,685 shares of the construction company's stock after selling 2,922 shares during the period. Great Lakes Advisors LLC owned about 0.13% of MasTec worth $14,252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in MasTec by 15.1% in the fourth quarter. Allworth Financial LP now owns 596 shares of the construction company's stock valued at $81,000 after purchasing an additional 78 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in MasTec by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company's stock valued at $281,000 after purchasing an additional 82 shares during the last quarter. Arizona State Retirement System boosted its holdings in MasTec by 0.5% in the fourth quarter. Arizona State Retirement System now owns 18,393 shares of the construction company's stock valued at $2,504,000 after purchasing an additional 89 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in MasTec by 2.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company's stock worth $423,000 after buying an additional 94 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in MasTec by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company's stock worth $1,583,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on MTZ. Stifel Nicolaus reduced their target price on MasTec from $185.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Citigroup increased their target price on MasTec from $156.00 to $167.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Guggenheim began coverage on MasTec in a report on Wednesday, January 8th. They set a "buy" rating and a $195.00 target price on the stock. JPMorgan Chase & Co. increased their target price on MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Finally, Robert W. Baird reduced their target price on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.14.

MasTec Stock Performance

MTZ traded up $4.08 during trading hours on Friday, hitting $120.61. The company's stock had a trading volume of 695,330 shares, compared to its average volume of 849,970. MasTec, Inc. has a fifty-two week low of $82.29 and a fifty-two week high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $9.56 billion, a PE ratio of 107.69 and a beta of 1.74. The company has a 50-day simple moving average of $137.76 and a 200 day simple moving average of $132.18.

MasTec (NYSE:MTZ - Get Free Report) last posted 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 firm had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $3.32 billion. As a group, sell-side analysts expect that MasTec, Inc. will post 3.44 EPS for the current year.

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.