MasTec, Inc. (NYSE:MTZ) Shares Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. grew its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 126.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,546 shares of the construction company's stock after acquiring an additional 9,228 shares during the period. Lecap Asset Management Ltd.'s holdings in MasTec were worth $2,253,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MTZ. Wilmington Savings Fund Society FSB acquired a new stake in MasTec in the 3rd quarter valued at $25,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of MasTec in the fourth quarter valued at about $25,000. R Squared Ltd purchased a new position in MasTec in the 4th quarter valued at about $44,000. UMB Bank n.a. boosted its holdings in MasTec by 46.3% in the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company's stock worth $47,000 after buying an additional 120 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in MasTec in the 3rd quarter worth about $57,000. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Trading Down 2.9 %

Shares of NYSE:MTZ traded down $4.26 during mid-day trading on Tuesday, reaching $140.05. 299,287 shares of the company were exchanged, compared to its average volume of 986,643. MasTec, Inc. has a 1 year low of $68.68 and a 1 year high of $166.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The firm's 50-day simple moving average is $142.93 and its 200 day simple moving average is $129.18. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of 125.01 and a beta of 1.73.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Guggenheim assumed coverage on MasTec in a report on Wednesday, January 8th. They issued a "buy" rating and a $195.00 price objective on the stock. B. Riley restated a "buy" rating and set a $166.00 price target (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. UBS Group increased their price objective on shares of MasTec from $129.00 to $147.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Robert W. Baird upped their price target on MasTec from $120.00 to $153.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Finally, TD Cowen increased their price target on MasTec from $115.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.57.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of MasTec 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 transaction, the director now owns 42,478 shares in the company, valued at $6,159,310. The trade was a 6.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the chief operating officer now directly owns 187,202 shares in the company, valued at approximately $28,080,300. This represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by corporate insiders.

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.