Royce & Associates LP Has $10.75 Million Holdings in MasTec, Inc. (NYSE:MTZ)

Royce & Associates LP trimmed its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,980 shares of the construction company's stock after selling 5,979 shares during the period. Royce & Associates LP owned approximately 0.10% of MasTec worth $10,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new stake in MasTec during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of MasTec in the third quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its stake in shares of MasTec by 93.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after acquiring an additional 128 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in MasTec by 162.4% during the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock worth $42,000 after acquiring an additional 190 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Price Performance

Shares of MTZ traded down $2.70 during trading hours on Friday, hitting $123.89. The stock had a trading volume of 4,896,015 shares, compared to its average volume of 868,784. MasTec, Inc. has a 52 week low of $82.29 and a 52 week high of $166.95. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 110.61 and a beta of 1.74. The company's fifty day moving average is $135.98 and its two-hundred day moving average is $132.40. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

Remove Ads

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $3.32 billion. On average, analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MTZ shares. Citigroup increased their price target on shares of MasTec from $156.00 to $167.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Stifel Nicolaus decreased their target price on MasTec from $185.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Robert W. Baird lowered their price target on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. KeyCorp raised their price objective on MasTec from $153.00 to $168.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Finally, Guggenheim began coverage on MasTec in a research report on Wednesday, January 8th. They set a "buy" rating and a $195.00 price objective on the stock. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MasTec currently has an average rating of "Moderate Buy" and an average target price of $160.07.

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.