Healthcare of Ontario Pension Plan Trust Fund Sells 5,044 Shares of MasTec, Inc. (NYSE:MTZ)

Healthcare of Ontario Pension Plan Trust Fund cut its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 52.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,600 shares of the construction company's stock after selling 5,044 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in MasTec were worth $566,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MTZ. Pacer Advisors Inc. boosted its holdings in MasTec by 15,067.0% during the second quarter. Pacer Advisors Inc. now owns 1,365,638 shares of the construction company's stock valued at $146,110,000 after purchasing an additional 1,356,634 shares in the last quarter. D1 Capital Partners L.P. acquired a new stake in shares of MasTec in the 2nd quarter valued at $79,494,000. Hood River Capital Management LLC grew its holdings in shares of MasTec by 59.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company's stock worth $127,773,000 after purchasing an additional 446,762 shares during the last quarter. AQR Capital Management LLC increased its position in shares of MasTec by 3,439.7% during the 2nd quarter. AQR Capital Management LLC now owns 262,504 shares of the construction company's stock worth $28,085,000 after purchasing an additional 255,088 shares in the last quarter. Finally, Van ECK Associates Corp lifted 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 purchasing an additional 190,320 shares during the last quarter. Institutional investors own 78.10% of the company's stock.

Insider Transactions at MasTec

In related news, COO Robert E. Apple sold 800 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $130.04, for a total value of $104,032.00. Following the completion of the sale, the chief operating officer now directly owns 216,402 shares in the company, valued at approximately $28,140,916.08. This trade represents a 0.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the sale, the director now directly owns 42,478 shares of the company's stock, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,823 shares of company stock valued at $7,493,301 over the last 90 days. 21.30% of the stock is owned by corporate insiders.

MasTec Stock Up 1.0 %

NYSE MTZ traded up $1.41 during trading hours on Tuesday, reaching $143.46. 786,121 shares of the company's stock were exchanged, compared to its average volume of 856,304. The company's 50-day moving average is $131.87 and its two-hundred day moving average is $116.72. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 128.09 and a beta of 1.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec, Inc. has a one year low of $60.96 and a one year high of $150.12.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MTZ shares. JPMorgan Chase & Co. assumed coverage on shares of MasTec in a report on Monday, October 7th. They set an "overweight" rating and a $153.00 price objective for the company. Robert W. Baird upped their price target on shares of MasTec from $120.00 to $153.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Citigroup raised their price objective on shares of MasTec from $122.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. TD Cowen upped their target price on shares of MasTec from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, DA Davidson boosted their price objective on shares of MasTec from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, MasTec presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.62.

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.