KRS Capital Management LLC Acquires Shares of 3,254 MasTec, Inc. (NYSE:MTZ)

KRS Capital Management LLC purchased a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,254 shares of the construction company's stock, valued at approximately $443,000.

A number of other large investors have also recently made changes to their positions in MTZ. Wilmington Savings Fund Society FSB purchased a new stake in shares of MasTec during the third quarter worth about $25,000. DekaBank Deutsche Girozentrale purchased a new position in MasTec during the second quarter worth approximately $40,000. UMB Bank n.a. grew its stake in MasTec by 46.3% in the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company's stock valued at $47,000 after acquiring an additional 120 shares during the period. True Wealth Design LLC purchased a new position in MasTec in the 3rd quarter valued at about $57,000. Finally, GAMMA Investing LLC increased its position in shares of MasTec by 39.9% during the third quarter. GAMMA Investing LLC now owns 512 shares of the construction company's stock worth $63,000 after purchasing an additional 146 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTZ has been the topic of several recent analyst reports. Guggenheim started coverage on MasTec in a research note on Wednesday, January 8th. They issued a "buy" rating and a $195.00 price target on the stock. Stifel Nicolaus boosted their target price on MasTec from $153.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Truist Financial lifted their price objective on MasTec from $173.00 to $189.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Citigroup lifted their target price on shares of MasTec from $122.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, KeyCorp increased their price objective on shares of MasTec from $153.00 to $168.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $155.07.

Insider Activity

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the transaction, the chief operating officer now owns 187,202 shares in the company, valued at $28,080,300. This represents a 5.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business'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 transaction of $435,000.00. Following the transaction, the director now owns 42,478 shares of the company's stock, valued at approximately $6,159,310. This represents 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 32,023 shares of company stock worth $4,515,089 over the last three months. Corporate insiders own 21.30% of the company's stock.

MasTec Trading Down 0.0 %

NYSE MTZ traded down $0.01 on Friday, reaching $155.31. The company had a trading volume of 771,673 shares, compared to its average volume of 699,861. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 138.67 and a beta of 1.74. MasTec, Inc. has a 52 week low of $60.96 and a 52 week high of $157.32. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The stock's 50 day moving average is $141.38 and its 200-day moving average is $124.30.

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.