Los Angeles Capital Management LLC Takes $3.20 Million Position in MasTec, Inc. (NYSE:MTZ)

Los Angeles Capital Management LLC bought a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,953 shares of the construction company's stock, valued at approximately $3,195,000.

Several other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in MasTec by 216.4% during the third quarter. Crossmark Global Holdings Inc. now owns 11,673 shares of the construction company's stock valued at $1,437,000 after buying an additional 7,984 shares during the period. Atria Investments Inc purchased a new stake in MasTec in the third quarter worth about $302,000. Verdence Capital Advisors LLC purchased a new stake in MasTec in the third quarter worth about $203,000. Capital Performance Advisors LLP purchased a new stake in MasTec in the third quarter worth about $95,000. Finally, Moloney Securities Asset Management LLC purchased a new stake in MasTec in the third quarter worth about $1,024,000. Institutional investors own 78.10% of the company's stock.

Insider Buying and Selling

In other MasTec news, COO Robert E. Apple sold 20,000 shares of MasTec stock in a transaction that occurred on 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 sale, the chief operating officer now 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 document filed with the SEC, which is accessible through this hyperlink. In other MasTec news, COO Robert E. Apple sold 20,000 shares of MasTec stock in a transaction that occurred on 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 sale, the chief operating officer now 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total transaction of $348,780.00. Following the completion of the sale, the director now directly owns 48,173 shares of the company's stock, valued at approximately $5,600,592.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,823 shares of company stock worth $5,558,301 in the last three months. Insiders own 21.30% of the company's stock.

MasTec Stock Down 0.3 %

NYSE MTZ traded down $0.41 during mid-day trading on Wednesday, reaching $139.32. The stock had a trading volume of 933,612 shares, compared to its average volume of 858,408. MasTec, Inc. has a 1 year low of $50.90 and a 1 year high of $147.23. The stock has a market cap of $11.04 billion, a PE ratio of 124.39 and a beta of 1.70. The company has a fifty day moving average price of $124.08 and a 200 day moving average price of $112.91. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

Wall Street Analysts Forecast Growth

Several analysts have commented on MTZ shares. Citigroup raised their price objective on shares of MasTec from $122.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. KeyCorp lifted their target price on shares of MasTec from $123.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. UBS Group lifted their target price on shares of MasTec from $129.00 to $147.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their target price on shares of MasTec from $115.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Finally, TD Cowen lifted their target price on shares of 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 twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $148.62.

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.