8,169 Shares in MasTec, Inc. (NYSE:MTZ) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,169 shares of the construction company's stock, valued at approximately $1,112,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of MasTec by 15.1% in the 4th quarter. Allworth Financial LP now owns 596 shares of the construction company's stock worth $81,000 after acquiring an additional 78 shares during the period. Arizona State Retirement System raised its holdings in MasTec by 0.5% during the fourth quarter. Arizona State Retirement System now owns 18,393 shares of the construction company's stock worth $2,504,000 after purchasing an additional 89 shares in the last quarter. Fielder Capital Group LLC lifted its position in MasTec by 6.1% in the fourth quarter. Fielder Capital Group LLC now owns 1,816 shares of the construction company's stock valued at $247,000 after purchasing an additional 105 shares during the period. Rockefeller Capital Management L.P. lifted its position in MasTec by 0.8% in the fourth 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 period. Finally, UMB Bank n.a. lifted its position in MasTec by 29.8% in the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company's stock valued at $67,000 after purchasing an additional 113 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ernst N. Csiszar sold 2,517 shares of the firm's stock in a transaction on Monday, March 24th. The stock was 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 in the company, valued at $3,027,490. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director C Robert Campbell sold 3,000 shares of MasTec 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 of the company's stock, 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. Company insiders own 21.30% of the company's stock.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of analyst reports. Wolfe Research initiated coverage on MasTec in a research note on Monday, March 31st. They set a "peer perform" rating for the company. Barclays upped their price objective on MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Jefferies Financial Group assumed coverage on MasTec in a report on Friday, May 16th. They issued a "buy" rating and a $188.00 target price for the company. KeyCorp boosted their target price 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. Finally, JPMorgan Chase & Co. increased their price target on shares of MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MasTec currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.06.

MasTec Price Performance

MasTec stock traded down $4.74 during mid-day trading on Thursday, hitting $150.60. 1,362,068 shares of the company were exchanged, compared to its average volume of 941,170. MasTec, Inc. has a 12-month low of $89.96 and a 12-month high of $166.95. The company has a market capitalization of $11.88 billion, a P/E ratio of 134.46 and a beta of 1.71. The business's 50 day simple moving average is $128.51 and its two-hundred day simple moving average is $135.09. 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 (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.71 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.13) EPS. Analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

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.