Quest Partners LLC increased its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 360,900.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,220 shares of the construction company's stock after acquiring an additional 7,218 shares during the period. Quest Partners LLC's holdings in MasTec were worth $889,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of MTZ. Hobbs Group Advisors LLC purchased a new position in shares of MasTec during the second quarter valued at approximately $27,000. GAMMA Investing LLC boosted its stake in shares of MasTec by 64.9% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company's stock valued at $39,000 after purchasing an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of MasTec during the second quarter valued at about $40,000. UMB Bank n.a. raised its stake in MasTec by 46.3% in the third quarter. UMB Bank n.a. now owns 379 shares of the construction company's stock worth $47,000 after buying an additional 120 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in MasTec by 5,436.4% in 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 during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
MTZ has been the subject of several research reports. UBS Group increased their target price on MasTec from $129.00 to $147.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. B. Riley reissued a "buy" rating and set a $166.00 price objective (up previously from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Stifel Nicolaus upped their target price on shares of MasTec from $121.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. TD Cowen lifted their price target on shares of MasTec from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, KeyCorp upped their price objective on shares of MasTec from $123.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $148.62.
Read Our Latest Analysis on MTZ
Insider Transactions at MasTec
In other MasTec news, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total value of $348,780.00. Following the completion of the sale, the director now owns 48,173 shares in the company, valued at $5,600,592.98. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Robert E. Apple sold 19,023 shares of the business'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 owns 197,202 shares of the company's stock, valued at approximately $26,746,507.26. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,823 shares of company stock worth $5,558,301 in the last ninety days. Insiders own 21.30% of the company's stock.
MasTec Stock Performance
Shares of MTZ stock traded up $1.21 during trading hours on Thursday, reaching $142.03. The company had a trading volume of 624,762 shares, compared to its average volume of 857,872. MasTec, Inc. has a one year low of $54.06 and a one year high of $147.23. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The business has a fifty day moving average price of $127.77 and a 200-day moving average price of $114.56. The firm has a market cap of $11.25 billion, a PE ratio of 126.81 and a beta of 1.70.
About MasTec
(
Free Report)
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.
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