International Assets Investment Management LLC Buys 78,362 Shares of MasTec, Inc. (NYSE:MTZ)

International Assets Investment Management LLC grew its position in shares of MasTec, Inc. (NYSE:MTZ) by 6,849.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,506 shares of the construction company’s stock after buying an additional 78,362 shares during the quarter. International Assets Investment Management LLC owned 0.10% of MasTec worth $6,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MTZ. Vanguard Group Inc. grew its stake in shares of MasTec by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,970,130 shares of the construction company’s stock valued at $429,670,000 after purchasing an additional 33,592 shares during the period. Oak Thistle LLC bought a new position in MasTec in the fourth quarter worth approximately $883,000. Nordea Investment Management AB boosted its stake in shares of MasTec by 35.0% during the 4th quarter. Nordea Investment Management AB now owns 3,963,774 shares of the construction company’s stock worth $297,006,000 after acquiring an additional 1,027,085 shares during the last quarter. Community Trust & Investment Co. increased its stake in shares of MasTec by 32.3% in the 4th quarter. Community Trust & Investment Co. now owns 235,763 shares of the construction company’s stock worth $17,852,000 after purchasing an additional 57,570 shares in the last quarter. Finally, Pantechnicon Advisors LLP raised its holdings in MasTec by 60.0% in the 3rd quarter. Pantechnicon Advisors LLP now owns 152,000 shares of the construction company’s stock worth $10,939,000 after purchasing an additional 57,000 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MTZ shares. Stifel Nicolaus boosted their price objective on MasTec from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday. Barclays upped their price target on shares of MasTec from $106.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday. Craig Hallum raised their price objective on shares of MasTec from $96.00 to $125.00 and gave the company a “buy” rating in a research report on Monday. B. Riley upped their target price on shares of MasTec from $104.00 to $120.00 and gave the stock a “buy” rating in a report on Monday. Finally, KeyCorp raised their price target on MasTec from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.08.

MasTec Price Performance

Shares of MTZ stock opened at $105.67 on Wednesday. MasTec, Inc. has a twelve month low of $44.65 and a twelve month high of $123.33. The company has a current ratio of 1.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $89.26 and a two-hundred day simple moving average of $73.70. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of -754.79 and a beta of 1.61.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. MasTec had a negative net margin of 0.09% and a positive return on equity of 6.19%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.26 billion. On average, analysts predict that MasTec, Inc. will post 2.33 EPS for the current fiscal year.

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.