Campbell Newman Asset Management Inc. Sells 145 Shares of MasTec, Inc. (NYSE:MTZ)

Campbell Newman Asset Management Inc. lowered its holdings in MasTec, Inc. (NYSE:MTZ) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,957 shares of the construction company’s stock after selling 145 shares during the period. Campbell Newman Asset Management Inc.’s holdings in MasTec were worth $3,806,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its holdings in shares of MasTec by 15,067.0% in the 2nd quarter. Pacer Advisors Inc. now owns 1,365,638 shares of the construction company’s stock worth $146,110,000 after buying an additional 1,356,634 shares during the last quarter. D1 Capital Partners L.P. bought a new stake in MasTec in the second quarter worth about $79,494,000. Hood River Capital Management LLC boosted its stake in MasTec by 59.8% in the second quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company’s stock valued at $127,773,000 after acquiring an additional 446,762 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of MasTec by 266.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 397,467 shares of the construction company’s stock valued at $48,928,000 after acquiring an additional 289,090 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in shares of MasTec by 57.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company’s stock worth $94,096,000 after purchasing an additional 279,778 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Trading Up 2.0 %

NYSE:MTZ traded up $3.04 during midday trading on Wednesday, reaching $153.71. 44,182 shares of the stock traded hands, compared to its average volume of 812,872. The stock has a market capitalization of $12.18 billion, a P/E ratio of 137.24 and a beta of 1.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The company has a fifty day moving average of $140.64 and a 200 day moving average of $123.35. MasTec, Inc. has a 12 month low of $60.96 and a 12 month high of $155.71.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MTZ. Stifel Nicolaus upped their price target on MasTec from $153.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Craig Hallum boosted their price target on shares of MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, November 4th. KeyCorp raised their price objective on shares of MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. TD Cowen boosted their target price on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. assumed coverage on MasTec in a report on Monday, October 7th. They issued an “overweight” rating and a $153.00 price target for the company. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, MasTec currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.07.

Insider Buying and Selling at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, the director now directly owns 42,478 shares of the company’s stock, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief operating officer now directly owns 187,202 shares of the company’s stock, valued at $28,080,300. The trade was a 5.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,023 shares of company stock worth $4,515,089. 21.30% of the stock is currently owned by company insiders.

About MasTec

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.