MasTec, Inc. (NYSE:MTZ) Shares Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC increased its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 31.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,090 shares of the construction company's stock after purchasing an additional 10,305 shares during the period. MasTec makes up approximately 1.3% of Lisanti Capital Growth LLC's portfolio, making the stock its 21st largest position. Lisanti Capital Growth LLC owned about 0.05% of MasTec worth $5,304,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Hobbs Group Advisors LLC acquired a new position in shares of MasTec during the 2nd quarter worth $27,000. GAMMA Investing LLC lifted its stake in MasTec by 64.9% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company's stock valued at $39,000 after buying an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in MasTec during the 2nd quarter valued at $40,000. UMB Bank n.a. grew its holdings in MasTec by 46.3% during the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company's stock valued at $47,000 after buying an additional 120 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in MasTec by 5,436.4% during the first quarter. Bessemer Group Inc. now owns 609 shares of the construction company's stock worth $57,000 after buying an additional 598 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Stock Up 0.1 %

NYSE MTZ traded up $0.20 during trading hours on Monday, hitting $145.09. The company had a trading volume of 910,245 shares, compared to its average volume of 854,162. The firm's 50 day moving average is $122.03 and its 200 day moving average is $111.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. MasTec, Inc. has a fifty-two week low of $48.62 and a fifty-two week high of $147.23. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 129.06 and a beta of 1.70.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MTZ shares. DA Davidson increased their price objective on MasTec from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, August 5th. Stifel Nicolaus boosted their price target on MasTec from $121.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. initiated coverage on MasTec in a research report on Monday, October 7th. They issued an "overweight" rating and a $153.00 price objective for the company. Robert W. Baird increased their target price on MasTec from $120.00 to $153.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Finally, UBS Group raised their price target on MasTec from $129.00 to $147.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, MasTec presently has an average rating of "Moderate Buy" and an average target price of $148.62.

Insider Activity

In other news, COO Robert E. Apple sold 19,023 shares of MasTec stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $135.63, for a total transaction of $2,580,089.49. Following the sale, the chief operating officer now directly owns 197,202 shares of the company's stock, valued at approximately $26,746,507.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Robert E. Apple sold 20,000 shares of MasTec stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $126.27, for a total value of $2,525,400.00. Following the completion of the transaction, the chief operating officer now directly owns 217,202 shares of the company's stock, valued at approximately $27,426,096.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 19,023 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $135.63, for a total value of $2,580,089.49. Following the transaction, the chief operating officer now directly owns 197,202 shares of the company's stock, valued at $26,746,507.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,823 shares of company stock worth $5,558,301. 21.30% of the stock is currently owned by corporate insiders.

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.