MasTec, Inc. (NYSE:MTZ) Shares Purchased by Atom Investors LP

Atom Investors LP lifted its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 979.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,018 shares of the construction company's stock after purchasing an additional 55,363 shares during the quarter. MasTec comprises approximately 0.8% of Atom Investors LP's portfolio, making the stock its 23rd biggest position. Atom Investors LP owned about 0.08% of MasTec worth $7,511,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in shares of MasTec in the 2nd quarter worth $27,000. GAMMA Investing LLC lifted its holdings in MasTec by 64.9% in the second quarter. GAMMA Investing LLC now owns 366 shares of the construction company's stock valued at $39,000 after acquiring an additional 144 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of MasTec during the 2nd quarter worth $40,000. UMB Bank n.a. boosted its holdings in MasTec by 46.3% during 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, True Wealth Design LLC purchased a new position in MasTec in the third quarter valued at about $57,000. 78.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTZ has been the topic of several research analyst reports. Robert W. Baird boosted their price target on MasTec from $120.00 to $153.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. assumed coverage on MasTec in a report on Monday, October 7th. They issued an "overweight" rating and a $153.00 target price on the stock. Craig Hallum raised their target price on shares of MasTec from $125.00 to $150.00 and gave the company a "buy" rating in a report on Monday, November 4th. TD Cowen upped their target price on MasTec from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, DA Davidson lifted their price objective on MasTec from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $148.62.

Insider Buying and Selling

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 owns 48,173 shares of the company's stock, valued at approximately $5,600,592.98. This represents a 5.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert E. Apple sold 800 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $130.04, for a total transaction of $104,032.00. Following the completion of the transaction, the chief operating officer now owns 216,402 shares in the company, valued at $28,140,916.08. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,823 shares of company stock valued at $7,493,301. 21.30% of the stock is currently owned by company insiders.

MasTec Trading Down 1.4 %

NYSE:MTZ traded down $2.01 during trading hours on Monday, reaching $142.05. 603,274 shares of the company were exchanged, compared to its average volume of 856,464. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 128.63 and a beta of 1.70. The stock has a 50 day simple moving average of $131.53 and a 200 day simple moving average of $116.47. MasTec, Inc. has a 52-week low of $60.96 and a 52-week high of $150.12. 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 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.