4,336 Shares in MasTec, Inc. (NYSE:MTZ) Bought by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC bought a new position in MasTec, Inc. (NYSE:MTZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,336 shares of the construction company's stock, valued at approximately $590,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in MasTec in the 3rd quarter valued at $25,000. R Squared Ltd bought a new stake in MasTec during the 4th quarter valued at about $44,000. UMB Bank n.a. lifted its holdings in MasTec by 46.3% during the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company's stock valued at $47,000 after buying an additional 120 shares in the last quarter. True Wealth Design LLC bought a new stake in MasTec during the 3rd quarter valued at about $57,000. Finally, GAMMA Investing LLC lifted its holdings in MasTec by 39.9% during the 3rd quarter. GAMMA Investing LLC now owns 512 shares of the construction company's stock valued at $63,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup boosted their price target on shares of MasTec from $122.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Craig Hallum boosted their price target on shares of MasTec from $125.00 to $150.00 and gave the company a "buy" rating in a report on Monday, November 4th. Guggenheim began coverage on shares of MasTec in a research note on Wednesday, January 8th. They set a "buy" rating and a $195.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus boosted their price objective on shares of MasTec from $155.00 to $185.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $158.57.

MasTec Trading Up 2.2 %

MasTec stock traded up $3.10 during midday trading on Wednesday, reaching $143.42. The stock had a trading volume of 335,705 shares, compared to its average volume of 990,119. The stock's 50-day simple moving average is $142.99 and its 200 day simple moving average is $128.18. The stock has a market capitalization of $11.36 billion, a PE ratio of 127.99 and a beta of 1.73. MasTec, Inc. has a twelve month low of $67.49 and a twelve month high of $166.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Insider Activity

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the transaction, the chief operating officer now owns 187,202 shares of the company's stock, valued at approximately $28,080,300. This represents a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the sale, the director now owns 42,478 shares of the company's stock, valued at $6,159,310. The trade was a 6.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.30% of the company's stock.

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.