Pacer Advisors Inc. Has $841,000 Stock Holdings in MasTec, Inc. (NYSE:MTZ)

Pacer Advisors Inc. increased its position in shares of MasTec, Inc. (NYSE:MTZFree Report) by 64.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,104 shares of the construction company’s stock after acquiring an additional 4,336 shares during the quarter. Pacer Advisors Inc.’s holdings in MasTec were worth $841,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in MasTec by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,970,130 shares of the construction company’s stock valued at $429,670,000 after buying an additional 33,592 shares during the period. BlackRock Inc. raised its position in shares of MasTec by 2.4% during the first quarter. BlackRock Inc. now owns 5,616,160 shares of the construction company’s stock worth $489,168,000 after purchasing an additional 134,201 shares during the period. Nordea Investment Management AB raised its position in shares of MasTec by 35.0% during the fourth quarter. Nordea Investment Management AB now owns 3,963,774 shares of the construction company’s stock worth $297,006,000 after purchasing an additional 1,027,085 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of MasTec by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,658,067 shares of the construction company’s stock worth $263,271,000 after purchasing an additional 17,369 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of MasTec by 1.1% during the second quarter. Macquarie Group Ltd. now owns 2,372,108 shares of the construction company’s stock worth $169,985,000 after purchasing an additional 25,878 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of NYSE MTZ opened at $94.98 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. MasTec, Inc. has a 12 month low of $44.65 and a 12 month high of $123.33. The stock has a 50 day moving average of $79.53 and a 200-day moving average of $70.42. The company has a market capitalization of $7.53 billion, a P/E ratio of -143.91 and a beta of 1.62.

MasTec (NYSE:MTZGet Free Report) last issued its earnings results on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.37 by $0.20. MasTec had a positive return on equity of 4.82% and a negative net margin of 0.42%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.26 billion. As a group, equities research analysts predict that MasTec, Inc. will post 2.33 EPS for the current year.

Analyst Ratings Changes

MTZ has been the topic of a number of research analyst reports. UBS Group raised their price target on MasTec from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Craig Hallum upgraded MasTec from a “hold” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $96.00 in a report on Monday, March 4th. The Goldman Sachs Group increased their price objective on MasTec from $54.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Truist Financial initiated coverage on MasTec in a report on Thursday, March 14th. They set a “hold” rating and a $96.00 price objective for the company. Finally, TD Cowen increased their price objective on MasTec from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $96.46.

Get Our Latest Research Report on MTZ

MasTec Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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