State Street Corp Grows Position in MasTec, Inc. (NYSE:MTZ)

State Street Corp boosted its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,823,967 shares of the construction company's stock after acquiring an additional 24,522 shares during the quarter. State Street Corp owned 2.30% of MasTec worth $224,530,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Cetera Advisors LLC bought a new stake in MasTec in the 1st quarter valued at $268,000. CWM LLC boosted its position in shares of MasTec by 494.2% in the second quarter. CWM LLC now owns 4,094 shares of the construction company's stock valued at $438,000 after acquiring an additional 3,405 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in MasTec during the second quarter worth about $288,000. Assenagon Asset Management S.A. increased its holdings in shares of MasTec by 98.1% during the second quarter. Assenagon Asset Management S.A. now owns 248,506 shares of the construction company's stock worth $26,588,000 after purchasing an additional 123,063 shares during the period. Finally, Blue Trust Inc. grew its position 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 buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MTZ shares. Citigroup upped their price target on shares of MasTec from $122.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. UBS Group increased their price objective on MasTec from $129.00 to $147.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. B. Riley reaffirmed a "buy" rating and set a $166.00 target price (up from $151.00) on shares of MasTec in a report on Tuesday, November 5th. TD Cowen upped their price target on MasTec from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group raised their price objective on MasTec from $115.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, MasTec presently has a consensus rating of "Moderate Buy" and an average price target of $149.00.

MasTec Stock Down 0.4 %

Shares of MasTec stock traded down $0.51 during trading hours on Thursday, reaching $137.29. The company's stock had a trading volume of 386,100 shares, compared to its average volume of 855,032. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The stock's fifty day simple moving average is $134.08 and its two-hundred day simple moving average is $118.12. The company has a market capitalization of $10.88 billion, a P/E ratio of 123.08 and a beta of 1.72. MasTec, Inc. has a one year low of $60.96 and a one year high of $150.12.

Insider Activity at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred 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 sale, the director now owns 42,478 shares of the company's stock, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the company's 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 transaction, the chief operating officer now owns 187,202 shares in the company, valued at approximately $28,080,300. The trade was a 5.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,823 shares of company stock worth $7,493,301. 21.30% of the stock is owned by company insiders.

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.