XTX Topco Ltd Has $330,000 Stock Position in MasTec, Inc. (NYSE:MTZ)

XTX Topco Ltd lessened its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 73.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,424 shares of the construction company's stock after selling 6,639 shares during the quarter. XTX Topco Ltd's holdings in MasTec were worth $330,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of MasTec by 25.9% during the fourth quarter. Bank of New York Mellon Corp now owns 556,686 shares of the construction company's stock worth $75,787,000 after acquiring an additional 114,502 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in MasTec in the fourth quarter valued at approximately $59,910,000. Prudential Financial Inc. lifted its stake in MasTec by 52.4% in the fourth quarter. Prudential Financial Inc. now owns 405,187 shares of the construction company's stock worth $55,162,000 after acquiring an additional 139,235 shares during the last quarter. Country Trust Bank increased its position in shares of MasTec by 10.9% in the 4th quarter. Country Trust Bank now owns 287,961 shares of the construction company's stock valued at $39,203,000 after purchasing an additional 28,350 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of MasTec by 13.7% during the 4th quarter. Barclays PLC now owns 275,216 shares of the construction company's stock worth $37,468,000 after purchasing an additional 33,150 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Price Performance

MTZ stock traded up $0.89 during trading hours on Tuesday, hitting $127.06. 75,855 shares of the stock traded hands, compared to its average volume of 934,295. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $120.17 and a 200 day simple moving average of $132.51. MasTec, Inc. has a one year low of $86.12 and a one year high of $166.95. The company has a market cap of $10.05 billion, a P/E ratio of 112.91 and a beta of 1.62.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) 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 analyst estimates of $3.32 billion. Equities analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MTZ shares. Citigroup cut their target price on MasTec from $167.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday. Barclays boosted their price objective on MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Robert W. Baird dropped their target price on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Wolfe Research initiated coverage on MasTec in a research report on Monday, March 31st. They issued a "peer perform" rating for the company. Finally, Stifel Nicolaus reduced their price target on shares of MasTec from $175.00 to $143.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $151.00.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 2,517 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $131.63, for a total transaction of $331,312.71. Following the completion of the transaction, the director now owns 23,000 shares in the company, valued at $3,027,490. This trade represents a 9.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 21.30% of the company's stock.

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.