Dimensional Fund Advisors LP Has $160.66 Million Stock Position in MasTec, Inc. (NYSE:MTZ)

Dimensional Fund Advisors LP lowered its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,180,073 shares of the construction company's stock after selling 43,403 shares during the period. Dimensional Fund Advisors LP owned approximately 1.49% of MasTec worth $160,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MTZ. First Trust Advisors LP increased its holdings in shares of MasTec by 173.8% in the fourth quarter. First Trust Advisors LP now owns 587,788 shares of the construction company's stock worth $80,021,000 after acquiring an additional 373,145 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of MasTec by 25.9% in the 4th quarter. Bank of New York Mellon Corp now owns 556,686 shares of the construction company's stock valued at $75,787,000 after purchasing an additional 114,502 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of MasTec in the 4th quarter valued at approximately $59,910,000. Prudential Financial Inc. increased its stake in MasTec by 52.4% during the 4th quarter. Prudential Financial Inc. now owns 405,187 shares of the construction company's stock worth $55,162,000 after purchasing an additional 139,235 shares in the last quarter. Finally, Country Trust Bank raised its holdings in MasTec by 10.9% during the 4th quarter. Country Trust Bank now owns 287,961 shares of the construction company's stock worth $39,203,000 after buying an additional 28,350 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 2,517 shares of the company'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 owns 23,000 shares in the company, valued at approximately $3,027,490. This represents a 9.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.30% of the company's stock.

MasTec Stock Performance

Shares of MasTec stock traded down $0.18 during trading on Wednesday, hitting $127.24. 924,008 shares of the stock were exchanged, compared to its average volume of 938,963. MasTec, Inc. has a 1-year low of $86.12 and a 1-year high of $166.95. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 113.61 and a beta of 1.62. The company has a fifty day moving average price of $120.09 and a 200-day moving average price of $132.44. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. As a group, equities analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTZ. Truist Financial reduced their price target on shares of MasTec from $197.00 to $154.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus lowered their target price on MasTec from $175.00 to $143.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Robert W. Baird cut their price target on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Citigroup reduced their price objective on MasTec from $167.00 to $152.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Wolfe Research initiated coverage on MasTec in a research report on Monday, March 31st. They issued a "peer perform" rating on the stock. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $151.00.

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.