Tidal Investments LLC Buys 585 Shares of MasTec, Inc. (NYSE:MTZ)

Tidal Investments LLC raised its stake in shares of MasTec, Inc. (NYSE:MTZ) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 10,912 shares of the construction company’s stock after acquiring an additional 585 shares during the period. Tidal Investments LLC’s holdings in MasTec were worth $1,343,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MTZ. Blankinship & Foster LLC bought a new position in shares of MasTec during the third quarter valued at about $246,000. Wilmington Savings Fund Society FSB purchased a new stake in MasTec in the 3rd quarter valued at about $25,000. Sanctuary Advisors LLC bought a new position in shares of MasTec during the 3rd quarter worth approximately $500,000. Virtu Financial LLC purchased a new position in shares of MasTec in the 3rd quarter worth approximately $254,000. Finally, Neo Ivy Capital Management bought a new position in shares of MasTec in the third quarter valued at approximately $592,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MTZ. Craig Hallum boosted their price objective on MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. TD Cowen increased their price target on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Robert W. Baird lifted their price objective on shares of MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Stifel Nicolaus increased their target price on shares of MasTec from $153.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, UBS Group raised their price target on shares of MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.00.

MasTec Stock Performance

NYSE:MTZ opened at $130.71 on Thursday. The business’s fifty day moving average is $134.90 and its 200 day moving average is $118.92. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 116.71 and a beta of 1.72. 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 $60.96 and a 52-week high of $150.12.

Insider Activity

In other MasTec news, COO Robert E. Apple sold 800 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $130.04, for a total value of $104,032.00. Following the transaction, the chief operating officer now directly owns 216,402 shares in the company, valued at $28,140,916.08. This represents a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the sale, the director now directly owns 42,478 shares in the company, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,823 shares of company stock worth $7,144,521 over the last ninety days. Company insiders own 21.30% of the company’s stock.

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.