Kennedy Capital Management LLC Sells 4,470 Shares of MasTec, Inc. (NYSE:MTZ)

Kennedy Capital Management LLC reduced its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,581 shares of the construction company's stock after selling 4,470 shares during the period. Kennedy Capital Management LLC owned 0.07% of MasTec worth $7,839,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MTZ. Allworth Financial LP increased its position in MasTec by 15.1% in the fourth quarter. Allworth Financial LP now owns 596 shares of the construction company's stock worth $81,000 after buying an additional 78 shares during the period. Arizona State Retirement System boosted its stake in MasTec by 0.5% during the 4th 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 period. Coldstream Capital Management Inc. grew its position in MasTec by 2.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company's stock worth $423,000 after purchasing an additional 94 shares during the last quarter. Fielder Capital Group LLC raised its holdings in shares of MasTec by 6.1% during the fourth quarter. Fielder Capital Group LLC now owns 1,816 shares of the construction company's stock valued at $247,000 after buying an additional 105 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in MasTec by 29.8% in the 4th quarter. UMB Bank n.a. now owns 492 shares of the construction company's stock worth $67,000 after buying an additional 113 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Guggenheim reaffirmed a "buy" rating and issued a $195.00 price objective on shares of MasTec in a report on Tuesday, March 25th. Stifel Nicolaus cut their price objective on MasTec from $175.00 to $143.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Truist Financial cut their target price on MasTec from $197.00 to $154.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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. Finally, Piper Sandler initiated coverage on shares of MasTec in a research report on Tuesday, April 8th. They issued an "overweight" rating and a $134.00 price target for the company. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, MasTec currently has a consensus rating of "Moderate Buy" and an average price target of $153.87.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 2,517 shares of the company's 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 completion of the transaction, the director now directly owns 23,000 shares in the company, valued at approximately $3,027,490. This represents a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 21.30% of the company's stock.

MasTec Stock Performance

Shares of MasTec stock traded up $0.16 during trading on Tuesday, reaching $118.36. The company's stock had a trading volume of 657,749 shares, compared to its average volume of 933,408. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The business's fifty day moving average price is $124.28 and its 200-day moving average price is $133.05. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 105.68 and a beta of 1.62. MasTec, Inc. has a one year low of $82.29 and a one year high of $166.95.

MasTec (NYSE:MTZ - Get Free Report) last released 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. The firm had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. As a group, equities research analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

MasTec 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.