Deutsche Bank AG Raises Stock Position in MasTec, Inc. (NYSE:MTZ)

Deutsche Bank AG boosted its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 60.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,565 shares of the construction company's stock after purchasing an additional 14,136 shares during the period. Deutsche Bank AG's holdings in MasTec were worth $5,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new position in shares of MasTec during the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its holdings in MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock worth $25,000 after purchasing an additional 116 shares during the period. Colonial Trust Co SC grew its holdings in shares of MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 141 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of MasTec by 93.4% during the fourth 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 last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of MasTec by 162.4% during the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock valued at $42,000 after buying an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Insider Transactions at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $153.89, for a total transaction of $461,670.00. Following the completion of the sale, the director now owns 39,782 shares in the company, valued at $6,122,051.98. This trade represents a 7.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction of $331,312.71. Following the sale, the director now owns 23,000 shares of the company's stock, valued at $3,027,490. The trade was a 9.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

MasTec Trading Up 1.2%

Shares of MasTec stock traded up $1.77 during trading on Friday, hitting $152.54. The stock had a trading volume of 772,768 shares, compared to its average volume of 941,951. The firm's fifty day simple moving average is $129.66 and its 200-day simple moving average is $135.29. The stock has a market cap of $12.04 billion, a PE ratio of 136.19 and a beta of 1.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. MasTec, Inc. has a 12 month low of $89.96 and a 12 month high of $166.95.

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.17. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The business's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.13) EPS. As a group, sell-side analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. B. Riley restated a "buy" rating and set a $165.00 price objective (up previously from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Citigroup increased their price target on shares of MasTec from $152.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. KeyCorp increased their price target on shares of MasTec from $140.00 to $163.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Guggenheim reaffirmed a "buy" rating and set a $195.00 target price on shares of MasTec in a research note on Monday, May 5th. Finally, Stifel Nicolaus raised their target price on shares of MasTec from $143.00 to $171.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.06.

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.