MasTec, Inc. (NYSE:MTZ) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in MasTec, Inc. (NYSE:MTZ) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,020 shares of the construction company’s stock after acquiring an additional 963 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in MasTec were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Allworth Financial LP lifted its stake in MasTec by 15.1% during the fourth quarter. Allworth Financial LP now owns 596 shares of the construction company’s stock valued at $81,000 after purchasing an additional 78 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of MasTec by 0.5% in the fourth quarter. Arizona State Retirement System now owns 18,393 shares of the construction company’s stock valued at $2,504,000 after buying an additional 89 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of MasTec by 2.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company’s stock valued at $423,000 after acquiring an additional 94 shares during the last quarter. Fielder Capital Group LLC lifted its position in shares of MasTec by 6.1% during the 4th quarter. Fielder Capital Group LLC now owns 1,816 shares of the construction company’s stock valued at $247,000 after acquiring an additional 105 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of MasTec by 29.8% during the 4th quarter. UMB Bank n.a. now owns 492 shares of the construction company’s stock worth $67,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 2,517 shares of the company’s stock in a transaction dated 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 sale, the director now owns 23,000 shares in the company, valued at approximately $3,027,490. This represents a 9.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 21.30% of the company’s stock.

MasTec Trading Down 5.5 %

Shares of NYSE MTZ opened at $105.87 on Monday. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 94.53 and a beta of 1.74. The business has a 50 day simple moving average of $128.35 and a 200 day simple moving average of $133.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec, Inc. has a 52 week low of $82.29 and a 52 week high of $166.95.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, February 27th. The construction company reported $1.36 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 company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. On average, research analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. KeyCorp upped their target price on MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Barclays upped their price objective on shares of MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Citigroup raised their target price on shares of MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Robert W. Baird cut their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Finally, Truist Financial raised their price objective on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock 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.