MasTec, Inc. (NYSE:MTZ) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 23.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,081 shares of the construction company's stock after selling 8,690 shares during the quarter. Amalgamated Bank's holdings in MasTec were worth $3,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MTZ. Hobbs Group Advisors LLC acquired a new position in shares of MasTec during the second quarter worth about $27,000. DekaBank Deutsche Girozentrale acquired a new position in MasTec during the 2nd quarter worth approximately $40,000. GAMMA Investing LLC raised 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 worth $39,000 after buying an additional 144 shares in the last quarter. UMB Bank n.a. raised its stake in shares of MasTec by 46.3% during the 3rd 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, Blue Trust Inc. lifted its holdings in shares of MasTec by 32.6% in the 2nd quarter. Blue Trust Inc. now owns 561 shares of the construction company's stock valued at $60,000 after buying an additional 138 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTZ has been the subject of several research analyst reports. Citigroup increased their price objective on MasTec from $122.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on shares of MasTec from $115.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. TD Cowen boosted their price objective on shares of MasTec from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 4th. DA Davidson increased their target price on shares of MasTec from $120.00 to $125.00 and gave the company a "buy" rating in a report on Monday, August 5th. Finally, Craig Hallum lifted their price target on shares of MasTec from $125.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, MasTec currently has a consensus rating of "Moderate Buy" and an average price target of $148.62.

Insider Activity at MasTec

In other MasTec news, COO Robert E. Apple sold 20,000 shares of the company's 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 transaction, the chief operating officer now directly owns 217,202 shares in the company, valued at approximately $27,426,096.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Robert E. Apple sold 19,023 shares of MasTec stock in a transaction on Friday, November 1st. The stock was sold at an average price of $135.63, for a total value of $2,580,089.49. Following the completion of the sale, the chief operating officer now owns 197,202 shares of the company's stock, valued at $26,746,507.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert E. Apple sold 20,000 shares of the company's stock in a transaction 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 transaction, the chief operating officer now owns 217,202 shares of the company's stock, valued at $27,426,096.54. The trade was a 0.00 % 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 valued at $5,558,301 over the last quarter. Insiders own 21.30% of the company's stock.

MasTec Price Performance

MasTec stock traded up $3.36 during mid-day trading on Friday, hitting $144.89. 811,434 shares of the company were exchanged, compared to its average volume of 837,465. MasTec, Inc. has a 12-month low of $47.02 and a 12-month high of $145.74. The company has a market capitalization of $11.48 billion, a P/E ratio of 129.37 and a beta of 1.70. The business's 50 day simple moving average is $122.03 and its two-hundred day simple 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 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.