3 days Ago By ABMN Staff
Bank of Montreal Can trimmed its stake in shares of MasTec, Inc. ( NYSE:MTZ – Free Report ) by 78.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 15,001 shares of the construction company’s stock after selling 53,653 shares during the period. Bank of Montreal Can’s holdings in MasTec were worth $2,042,000 as of its most recent SEC filing. Other institutional investors have also added to or reduced their stakes in the company.
New York State Teachers Retirement System raised its stake in shares of MasTec by 21.7% in the 4th quarter. New York State Teachers Retirement System now owns 32,307 shares of the construction company’s stock valued at $4,398,000 after purchasing an additional 5,750 shares during the period.
Kingswood Wealth Advisors LLC raised its position in MasTec by 45.8% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company’s stock valued at $3,880,000 after buying an additional 8,948 shares during the last quarter.
Exchange Traded Concepts LLC lifted its stake in MasTec by 286.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company’s stock valued at $2,433,000 after acquiring an additional 13,241 shares in the last quarter.
Merit Financial Group LLC acquired a new position in MasTec during the 4th quarter worth approximately $415,000. Finally, CWA Asset Management Group LLC bought a new position in shares of MasTec during the 4th quarter worth approximately $485,000. 78.
10% of the stock is owned by institutional investors. MasTec Trading Down 1.1 % Shares of MasTec stock opened at $117.
41 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.
24 and a quick ratio of 1.20. The business has a fifty day simple moving average of $123.
20 and a two-hundred day simple moving average of $132.84. MasTec, Inc.
has a 1 year low of $82.29 and a 1 year high of $166.95.
The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 104.83 and a beta of 1.
62. Insider Transactions at MasTec In other news, Director Ernst N. Csiszar sold 2,517 shares of the stock in a transaction that occurred on Monday, March 24th.
The stock was sold at an average price of $131.63, for a total transaction of $331,312.71.
Following the transaction, the director now owns 23,000 shares in the company, valued at approximately $3,027,490. This trade represents a 9.86 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Corporate insiders own 21.30% of the company’s stock.
Analyst Ratings Changes MTZ has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $154.
00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Truist Financial cut their price target on shares of MasTec from $197.
00 to $154.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Robert W.
Baird decreased their price objective on MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a report on Monday, March 3rd.
Guggenheim reiterated a “buy” rating and set a $195.00 target price on shares of MasTec in a report on Tuesday, March 25th. Finally, KeyCorp decreased their price target on MasTec from $168.
00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock.
Based on data from MarketBeat, MasTec presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.00. View Our Latest Analysis on MasTec 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. Read More Want to see what other hedge funds are holding MTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasTec, Inc.
( NYSE:MTZ – Free Report ). Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter .
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