DRW Securities LLC Has $1.97 Million Stock Position in MasTec, Inc. (NYSE:MTZ)

DRW Securities LLC reduced its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 33.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the construction company's stock after selling 8,000 shares during the quarter. DRW Securities LLC's holdings in MasTec were worth $1,970,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MTZ. Hobbs Group Advisors LLC acquired a new position in MasTec in the 2nd quarter valued at approximately $27,000. DekaBank Deutsche Girozentrale acquired a new position in MasTec in the second quarter worth about $40,000. GAMMA Investing LLC lifted its stake in MasTec by 64.9% during the second quarter. GAMMA Investing LLC now owns 366 shares of the construction company's stock worth $39,000 after purchasing an additional 144 shares during the period. 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 valued at $47,000 after purchasing an additional 120 shares in the last quarter. Finally, Blue Trust Inc. grew its stake 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 purchasing an additional 138 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MasTec news, COO Robert E. Apple sold 800 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $130.04, for a total value of $104,032.00. Following the transaction, the chief operating officer now owns 216,402 shares of the company's stock, valued at approximately $28,140,916.08. This represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the business'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 transaction, the director now owns 48,173 shares of the company's stock, valued at $5,600,592.98. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,823 shares of company stock worth $5,558,301 over the last three months. 21.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MTZ has been the subject of several analyst reports. Truist Financial upgraded MasTec from a "hold" rating to a "buy" rating and raised their target price for the stock from $133.00 to $173.00 in a research report on Tuesday, November 5th. Craig Hallum upped their target price on shares of MasTec from $125.00 to $150.00 and gave the stock a "buy" rating in a report on Monday, November 4th. DA Davidson lifted their price target on shares of MasTec from $120.00 to $125.00 and gave the company a "buy" rating in a report on Monday, August 5th. TD Cowen boosted 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, 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. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $148.62.

MasTec Trading Up 0.6 %

MTZ traded up $0.92 during mid-day trading on Monday, reaching $143.07. The stock had a trading volume of 1,049,392 shares, compared to its average volume of 857,643. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec, Inc. has a 52 week low of $54.06 and a 52 week high of $147.23. The stock has a market capitalization of $11.34 billion, a P/E ratio of 127.74 and a beta of 1.70. The firm's fifty day simple moving average is $129.00 and its two-hundred day simple moving average is $115.13.

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.