iSAM Funds UK Ltd Acquires New Shares in MasTec, Inc. (NYSE:MTZ)

iSAM Funds UK Ltd bought a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,770 shares of the construction company's stock, valued at approximately $649,000.

Other large investors have also bought and sold shares of the company. Virtus Fund Advisers LLC boosted its position in MasTec by 171.6% during the 4th quarter. Virtus Fund Advisers LLC now owns 869 shares of the construction company's stock worth $118,000 after acquiring an additional 549 shares during the period. Virtus Investment Advisers Inc. raised its stake in shares of MasTec by 164.2% in the 4th quarter. Virtus Investment Advisers Inc. now owns 4,306 shares of the construction company's stock valued at $586,000 after acquiring an additional 2,676 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of MasTec by 21.2% in the 4th quarter. Two Sigma Advisers LP now owns 74,200 shares of the construction company's stock valued at $10,102,000 after acquiring an additional 13,000 shares in the last quarter. Teza Capital Management LLC bought a new position in shares of MasTec in the 4th quarter valued at approximately $323,000. Finally, State of Wyoming raised its stake in shares of MasTec by 13.6% in the 4th quarter. State of Wyoming now owns 19,815 shares of the construction company's stock valued at $2,698,000 after acquiring an additional 2,373 shares in the last quarter. Institutional investors own 78.10% of the company's stock.

MasTec Stock Performance

Shares of NYSE:MTZ traded up $1.77 during trading on Friday, hitting $152.54. 772,768 shares of the stock were exchanged, compared to its average volume of 941,951. MasTec, Inc. has a 1-year low of $89.96 and a 1-year high of $166.95. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 136.19 and a beta of 1.71. The company's fifty day simple moving average is $129.66 and its 200-day simple moving average is $135.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data 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. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the firm earned ($0.13) EPS. MasTec's revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MTZ shares. KeyCorp raised their price objective on MasTec from $140.00 to $163.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Robert W. Baird cut their price objective on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Wall Street Zen raised MasTec from a "buy" rating to a "strong-buy" rating in a report on Saturday. B. Riley reaffirmed a "buy" rating and issued a $165.00 target price (up previously from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Finally, Jefferies Financial Group began coverage on MasTec in a report on Friday, May 16th. They issued a "buy" rating and a $188.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, MasTec presently has an average rating of "Moderate Buy" and a consensus target price of $162.06.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 2,517 shares of the business's stock in a transaction 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $153.89, for a total value of $461,670.00. Following the completion of the sale, the director now directly owns 39,782 shares in the company, valued at approximately $6,122,051.98. This represents a 7.01% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is owned by insiders.

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.