45,832 Shares in MasTec, Inc. (NYSE:MTZ) Acquired by Jump Financial LLC

Jump Financial LLC purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 45,832 shares of the construction company's stock, valued at approximately $6,240,000. Jump Financial LLC owned approximately 0.06% of MasTec as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in MasTec by 18.1% in the 3rd quarter. FMR LLC now owns 3,382 shares of the construction company's stock worth $416,000 after buying an additional 518 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of MasTec by 9.8% in the 3rd quarter. HighTower Advisors LLC now owns 3,511 shares of the construction company's stock valued at $433,000 after purchasing an additional 312 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of MasTec by 2.8% during the 3rd quarter. Stifel Financial Corp now owns 10,105 shares of the construction company's stock valued at $1,244,000 after purchasing an additional 271 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in MasTec by 14.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,457 shares of the construction company's stock worth $3,380,000 after purchasing an additional 3,569 shares during the period. Finally, Barclays PLC raised its position in MasTec by 642.7% in the 3rd quarter. Barclays PLC now owns 242,066 shares of the construction company's stock worth $29,797,000 after purchasing an additional 209,472 shares during the period. Institutional investors own 78.10% of the company's stock.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 2,517 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $131.63, for a total value of $331,312.71. Following the sale, the director now directly owns 23,000 shares of the company's stock, valued at approximately $3,027,490. This represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 21.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MTZ has been the topic of a number of recent research reports. Piper Sandler assumed coverage on MasTec in a research note on Tuesday, April 8th. They set an "overweight" rating and a $134.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Barclays increased their price objective on MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Citigroup upped their price target on shares of MasTec from $156.00 to $167.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, B. Riley reissued a "buy" rating and issued a $165.00 price target (up previously from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Three 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $152.00.

MasTec Stock Down 3.3 %

MTZ stock traded down $3.80 during midday trading on Monday, hitting $112.56. The stock had a trading volume of 64,855 shares, compared to its average volume of 934,048. The business has a 50-day moving average of $122.14 and a two-hundred day moving average of $132.85. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 100.50 and a beta of 1.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. MasTec, Inc. has a 52-week low of $83.04 and a 52-week high of $166.95.

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

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.