MasTec, Inc. (NYSE:MTZ) Shares Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC grew its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,832 shares of the construction company's stock after purchasing an additional 3,137 shares during the quarter. Aquatic Capital Management LLC's holdings in MasTec were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTZ. Allworth Financial LP boosted its position in shares of MasTec by 15.1% during the fourth quarter. Allworth Financial LP now owns 596 shares of the construction company's stock worth $81,000 after acquiring an additional 78 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of MasTec by 0.5% during the 4th quarter. Arizona State Retirement System now owns 18,393 shares of the construction company's stock valued at $2,504,000 after purchasing an additional 89 shares during the last quarter. Fielder Capital Group LLC grew its position in shares of MasTec by 6.1% during the fourth quarter. Fielder Capital Group LLC now owns 1,816 shares of the construction company's stock valued at $247,000 after purchasing an additional 105 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of MasTec by 0.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 13,835 shares of the construction company's stock valued at $1,883,000 after purchasing an additional 105 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of MasTec by 29.8% in the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company's stock worth $67,000 after purchasing an additional 113 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on MTZ shares. KeyCorp lifted their price objective on MasTec from $140.00 to $163.00 and gave the stock an "overweight" rating in a research note on Monday. Guggenheim reiterated a "buy" rating and set a $195.00 target price on shares of MasTec in a report on Monday. Citigroup boosted their price target on shares of MasTec from $152.00 to $170.00 and gave the company a "buy" rating in a report on Monday. Robert W. Baird dropped their price objective on shares of MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Finally, Truist Financial boosted their price objective on shares of MasTec from $154.00 to $184.00 and gave the stock a "buy" rating in a research note on Monday. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, MasTec has a consensus rating of "Moderate Buy" and a consensus price target of $160.33.

MasTec Stock Performance

Shares of NYSE:MTZ traded up $1.18 during midday trading on Tuesday, reaching $144.75. The company's stock had a trading volume of 177,478 shares, compared to its average volume of 934,536. The stock has a fifty day moving average of $120.74 and a 200 day moving average of $132.79. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $11.44 billion, a PE ratio of 129.50 and a beta of 1.71. MasTec, Inc. has a twelve month low of $89.96 and a twelve month high of $166.95.

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.17. The business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.71 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.13) EPS. On average, equities analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Activity

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total value of $331,312.71. Following the transaction, the director now directly owns 23,000 shares in the company, valued at $3,027,490. The trade was a 9.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 21.30% of the company's stock.

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.