MasTec, Inc. (NYSE:MTZ) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP raised its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,200 shares of the construction company's stock after buying an additional 13,000 shares during the period. Two Sigma Advisers LP owned about 0.09% of MasTec worth $10,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MTZ. Barclays PLC boosted its position in shares of MasTec by 642.7% during the third quarter. Barclays PLC now owns 242,066 shares of the construction company's stock worth $29,797,000 after buying an additional 209,472 shares during the period. Ritholtz Wealth Management purchased a new position in shares of MasTec during the fourth quarter worth $240,000. Merit Financial Group LLC purchased a new position in shares of MasTec during the fourth quarter worth $415,000. HB Wealth Management LLC purchased a new position in shares of MasTec during the fourth quarter worth $232,000. Finally, UMB Bank n.a. boosted its position in shares of MasTec by 29.8% during the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company's stock worth $67,000 after buying an additional 113 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the transaction, the director now owns 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Ernst N. Csiszar sold 2,517 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 23,000 shares in the company, valued at $3,027,490. The trade was a 9.86% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by insiders.

MasTec Stock Performance

Shares of MTZ traded down $0.89 during midday trading on Wednesday, reaching $154.55. 121,212 shares of the stock were exchanged, compared to its average volume of 938,839. The business's 50-day moving average price is $130.77 and its 200 day moving average price is $135.44. 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 twelve month low of $89.96 and a twelve month high of $166.95. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 137.66 and a beta of 1.71.

MasTec (NYSE:MTZ - Get Free Report) last posted its earnings results on Thursday, May 1st. The construction company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. The business's revenue was up 6.0% compared to the same quarter last year. On average, 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 firms recently issued reports on MTZ. JPMorgan Chase & Co. lifted their target price on MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. KeyCorp lifted their target price on MasTec from $140.00 to $163.00 and gave the company an "overweight" rating in a report on Monday, May 5th. 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 for the company. Robert W. Baird decreased their target price on MasTec from $162.00 to $153.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Finally, Guggenheim reiterated a "buy" rating and issued a $195.00 target price on shares of MasTec in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $162.06.

About MasTec

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.