Trexquant Investment LP purchased a new position in MasTec, Inc. (NYSE:MTZ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,166 shares of the construction company’s stock, valued at approximately $1,615,000.
A number of other institutional investors have also bought and sold shares of MTZ. BlackRock Inc. boosted its holdings in MasTec by 1.8% in the 2nd quarter. BlackRock Inc. now owns 7,947,536 shares of the construction company’s stock valued at $409,536,000 after purchasing an additional 139,490 shares during the period. Convergence Investment Partners LLC lifted its stake in MasTec by 577.3% in the 4th quarter. Convergence Investment Partners LLC now owns 17,033 shares of the construction company’s stock valued at $1,093,000 after buying an additional 14,518 shares in the last quarter. Aigen Investment Management LP purchased a new position in MasTec in the 4th quarter valued at about $1,599,000. Vigilant Capital Management LLC acquired a new stake in MasTec in the 4th quarter worth about $38,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in MasTec by 844.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 82,177 shares of the construction company’s stock worth $5,336,000 after buying an additional 73,477 shares during the last quarter. 83.39% of the stock is owned by institutional investors and hedge funds.
MTZ traded down $5.83 during trading on Thursday, hitting $27.99. 137,185 shares of the company traded hands, compared to its average volume of 1,336,936. The firm has a market cap of $2.59 billion, a P/E ratio of 5.35 and a beta of 1.29. The stock’s fifty day moving average is $55.66 and its 200 day moving average is $62.53. The company has a quick ratio of 1.70, a current ratio of 1.78 and a debt-to-equity ratio of 0.82. MasTec, Inc. has a one year low of $33.12 and a one year high of $73.71.
MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, February 27th. The construction company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. MasTec had a net margin of 5.46% and a return on equity of 23.93%. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the business earned $1.07 EPS. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. On average, equities research analysts forecast that MasTec, Inc. will post 5.39 EPS for the current fiscal year.
A number of equities analysts have commented on the company. Stifel Nicolaus increased their target price on MasTec from $74.00 to $79.00 in a report on Wednesday, November 20th. Credit Suisse Group reduced their target price on MasTec from to and set an “outperform” rating for the company in a report on Monday, March 2nd. ValuEngine lowered shares of MasTec from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd. Citigroup lowered their price target on shares of MasTec from $79.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Finally, KeyCorp cut their price target on shares of MasTec from $75.00 to $68.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. MasTec currently has a consensus rating of “Buy” and a consensus target price of $70.29.
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, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
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