Bain Capital Public Equity Management II LLC Purchases Shares of 158,948 MasTec, Inc. (NYSE:MTZ)

Bain Capital Public Equity Management II LLC acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 158,948 shares of the construction company's stock, valued at approximately $21,639,000. MasTec accounts for about 1.0% of Bain Capital Public Equity Management II LLC's holdings, making the stock its 24th largest holding. Bain Capital Public Equity Management II LLC owned 0.20% of MasTec as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTZ. Wilmington Savings Fund Society FSB purchased a new position in shares of MasTec during the 3rd quarter worth about $25,000. Ameliora Wealth Management Ltd. purchased a new position in MasTec during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of MasTec by 181.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of MasTec by 93.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock valued at $36,000 after buying an additional 128 shares during the period. Finally, Global Retirement Partners LLC raised its position in shares of MasTec by 162.4% in the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock worth $42,000 after buying an additional 190 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $131.63, for a total value of $331,312.71. Following the completion of the sale, the director now directly owns 23,000 shares in the company, valued at $3,027,490. This represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 21.30% of the company's stock.

MasTec Stock Performance

Shares of MTZ traded up $0.61 during mid-day trading on Wednesday, hitting $145.21. The stock had a trading volume of 793,328 shares, compared to its average volume of 934,494. MasTec, Inc. has a fifty-two week low of $89.96 and a fifty-two week high of $166.95. 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 company has a market cap of $11.48 billion, a PE ratio of 129.65 and a beta of 1.71. The company's fifty day simple moving average is $121.40 and its two-hundred day simple moving average is $132.96.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MTZ shares. Wolfe Research started coverage on MasTec in a research report on Monday, March 31st. They set a "peer perform" rating for the company. Barclays upped their price target on shares of MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Citigroup raised their price objective on MasTec from $152.00 to $170.00 and gave the company a "buy" rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Finally, B. Riley reissued a "buy" rating and set a $165.00 price target (up from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, MasTec currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.33.

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.