MasTec, Inc. (NYSE:MTZ) is Kirr Marbach & Co. LLC IN's 5th Largest Position

Kirr Marbach & Co. LLC IN lowered its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,692 shares of the construction company's stock after selling 2,089 shares during the period. MasTec comprises about 5.1% of Kirr Marbach & Co. LLC IN's portfolio, making the stock its 5th largest holding. Kirr Marbach & Co. LLC IN owned 0.22% of MasTec worth $23,374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Moody Aldrich Partners LLC bought a new position in shares of MasTec during the fourth quarter worth approximately $234,000. KBC Group NV grew its holdings in MasTec by 47.2% in the 4th quarter. KBC Group NV now owns 2,507 shares of the construction company's stock valued at $341,000 after buying an additional 804 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in MasTec by 45.8% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company's stock worth $3,880,000 after buying an additional 8,948 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of MasTec during the fourth quarter worth $2,451,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of MasTec by 286.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company's stock valued at $2,433,000 after acquiring an additional 13,241 shares during the period. 78.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MTZ shares. KeyCorp lifted their price target on shares of MasTec from $153.00 to $168.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on shares of MasTec from $155.00 to $185.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. B. Riley reaffirmed a "buy" rating and set a $166.00 price target (up from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Guggenheim started coverage on MasTec in a research report on Wednesday, January 8th. They set a "buy" rating and a $195.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on MasTec from $115.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $158.57.

MasTec Stock Down 1.1 %

MasTec stock traded down $1.60 during trading on Friday, hitting $145.33. 871,511 shares of the company were exchanged, compared to its average volume of 953,950. MasTec, Inc. has a 52 week low of $65.67 and a 52 week high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The business's 50 day moving average is $143.18 and its 200 day moving average is $127.50. The company has a market capitalization of $11.52 billion, a P/E ratio of 129.76 and a beta of 1.74.

Insider Activity at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 187,202 shares of the company's stock, valued at approximately $28,080,300. This trade represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the transaction, the director now directly owns 42,478 shares in the company, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is owned by company insiders.

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.