MasTec, Inc. (NYSE:MTZ) Stock Holdings Raised by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 94.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,802 shares of the construction company's stock after acquiring an additional 10,583 shares during the period. Quantinno Capital Management LP's holdings in MasTec were worth $2,684,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its position in shares of MasTec by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company's stock worth $281,000 after purchasing an additional 82 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of MasTec by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company's stock worth $3,269,000 after acquiring an additional 100 shares during the last quarter. Victory Capital Management Inc. increased its holdings in MasTec by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company's stock valued at $1,583,000 after purchasing an additional 101 shares during the last quarter. UMB Bank n.a. raised its position in MasTec by 46.3% in 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 during the period. Finally, Blue Trust Inc. lifted its stake in MasTec by 32.6% during the second quarter. Blue Trust Inc. now owns 561 shares of the construction company's stock worth $60,000 after purchasing an additional 138 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MasTec news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief operating officer now directly owns 187,202 shares of the company's stock, valued at approximately $28,080,300. The trade was a 5.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the sale, the director now owns 42,478 shares in the company, valued at $6,159,310. This trade represents a 6.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,823 shares of company stock worth $7,493,301. 21.30% of the stock is owned by corporate insiders.

MasTec Price Performance

NYSE:MTZ traded down $0.62 during trading hours on Tuesday, hitting $133.18. The company's stock had a trading volume of 455,301 shares, compared to its average volume of 854,939. The company has a market capitalization of $10.55 billion, a PE ratio of 119.46 and a beta of 1.72. MasTec, Inc. has a 52-week low of $60.96 and a 52-week high of $150.12. The business's 50-day moving average is $133.61 and its two-hundred day moving average is $117.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Analysts Set New Price Targets

A number of analysts have issued reports on MTZ shares. Stifel Nicolaus boosted their price target on shares of MasTec from $121.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Truist Financial raised shares of MasTec from a "hold" rating to a "buy" rating and raised their price target for the company from $133.00 to $173.00 in a research report on Tuesday, November 5th. Robert W. Baird upped their price objective on MasTec from $120.00 to $153.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. UBS Group upped their price target on MasTec from $129.00 to $147.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. assumed coverage on MasTec in a research report on Monday, October 7th. They set an "overweight" rating and a $153.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, MasTec presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.62.

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.