MasTec, Inc. (NYSE:MTZ) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 56.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,426 shares of the construction company's stock after acquiring an additional 7,029 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in MasTec were worth $2,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MTZ. Rockefeller Capital Management L.P. lifted its holdings in shares of MasTec by 0.8% during the 4th 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 during the last quarter. EverSource Wealth Advisors LLC raised its stake in MasTec by 181.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Fifth Third Bancorp raised its stake in MasTec by 21.8% in the 1st quarter. Fifth Third Bancorp now owns 704 shares of the construction company's stock worth $82,000 after acquiring an additional 126 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in MasTec by 93.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after acquiring an additional 128 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in MasTec by 1.2% in the 4th quarter. Natixis Advisors LLC now owns 11,929 shares of the construction company's stock worth $1,624,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 78.10% of the company's stock.

MasTec Price Performance

Shares of NYSE:MTZ traded up $0.76 during trading on Friday, reaching $169.53. 154,565 shares of the company's stock traded hands, compared to its average volume of 944,757. MasTec, Inc. has a fifty-two week low of $89.96 and a fifty-two week high of $173.24. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.69. The firm has a market cap of $13.38 billion, a PE ratio of 62.24 and a beta of 1.75. The company has a 50-day simple moving average of $160.08 and a 200-day simple moving average of $140.97.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data 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. MasTec had a return on equity of 11.65% and a net margin of 1.72%. The company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the previous year, the firm posted ($0.13) EPS. MasTec's revenue was up 6.0% compared to the same quarter last year. As a group, analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

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 stock was sold at an average price of $153.89, for a total value of $461,670.00. Following the sale, the director directly owned 39,782 shares in the company, valued at approximately $6,122,051.98. The trade was a 7.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 21.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wolfe Research assumed coverage on MasTec in a research note on Monday, March 31st. They issued a "peer perform" rating for the company. Wall Street Zen lowered MasTec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Citigroup raised their target price on MasTec from $152.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Jefferies Financial Group initiated coverage on MasTec in a research note on Friday, May 16th. They set a "buy" rating and a $188.00 price objective for the company. Finally, Roth Capital initiated coverage on MasTec in a research note on Tuesday, July 1st. They set a "buy" rating and a $210.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $169.29.

MasTec 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.