Motco Sells 100 Shares of MasTec, Inc. (NYSE:MTZ)

Motco lessened its position in MasTec, Inc. (NYSE:MTZ) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,925 shares of the construction company’s stock after selling 100 shares during the period. Motco’s holdings in MasTec were worth $262,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MTZ. Creative Planning increased its position in shares of MasTec by 9.5% during the third quarter. Creative Planning now owns 2,909 shares of the construction company’s stock worth $358,000 after acquiring an additional 253 shares in the last quarter. Private Advisor Group LLC increased its position in shares of MasTec by 89.6% during the third quarter. Private Advisor Group LLC now owns 3,956 shares of the construction company’s stock worth $487,000 after acquiring an additional 1,869 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of MasTec during the third quarter worth $84,000. Wealth Enhancement Advisory Services LLC increased its position in shares of MasTec by 239.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,157 shares of the construction company’s stock worth $1,127,000 after acquiring an additional 6,462 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of MasTec by 7.4% during the third quarter. State of Alaska Department of Revenue now owns 7,013 shares of the construction company’s stock worth $863,000 after acquiring an additional 485 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Performance

Shares of MTZ stock opened at $130.55 on Friday. The stock has a market cap of $10.34 billion, a P/E ratio of 116.56 and a beta of 1.73. 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 company has a fifty day moving average price of $141.72 and a two-hundred day moving average price of $131.28. MasTec, Inc. has a one year low of $73.85 and a one year high of $166.95.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. As a group, equities analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTZ shares. JPMorgan Chase & Co. increased 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. Guggenheim began coverage on shares of MasTec in a report on Wednesday, January 8th. They set a “buy” rating and a $195.00 target price for the company. TD Cowen increased their target price on shares of MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Truist Financial increased their target price on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus increased their target price on shares of MasTec from $155.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.57.

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, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.