Rokos Capital Management LLP purchased a new position in shares of MasTec, Inc. (NYSE:MTZ – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,813 shares of the construction company’s stock, valued at approximately $2,191,000.
Other large investors have also recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC lifted its position in MasTec by 2.8% in the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after buying an additional 28 shares in the last quarter. Aigen Investment Management LP increased its stake in shares of MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after acquiring an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of MasTec by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock worth $636,000 after acquiring an additional 43 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in MasTec by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after purchasing an additional 47 shares during the last quarter. Finally, Williamson Legacy Group LLC boosted its position in MasTec by 0.9% during the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.
MasTec Trading Down 0.5%
MasTec stock opened at $336.31 on Tuesday. MasTec, Inc. has a one year low of $160.08 and a one year high of $441.43. The company’s fifty day moving average price is $372.62 and its two-hundred day moving average price is $331.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The company has a market capitalization of $26.57 billion, a price-to-earnings ratio of 58.90 and a beta of 1.77.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Weiss Ratings downgraded MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Zacks Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Mizuho boosted their price target on MasTec from $498.00 to $502.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Guggenheim increased their price objective on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, TD Cowen raised their price objective on shares of MasTec from $445.00 to $470.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $466.89.
Check Out Our Latest Stock Analysis on MasTec
Insiders Place Their Bets
In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the sale, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is currently owned by insiders.
MasTec Company Profile
MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.
The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.
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