Oak Thistle LLC Invests $883,000 in MasTec, Inc. (NYSE:MTZ)

Oak Thistle LLC purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,661 shares of the construction company's stock, valued at approximately $883,000.

Several other large investors have also added to or reduced their stakes in MTZ. Vanguard Group Inc. raised its stake in MasTec by 0.6% during the third quarter. Vanguard Group Inc. now owns 5,970,130 shares of the construction company's stock valued at $429,670,000 after purchasing an additional 33,592 shares in the last quarter. BlackRock Inc. raised its stake in MasTec by 2.4% during the first quarter. BlackRock Inc. now owns 5,616,160 shares of the construction company's stock valued at $489,168,000 after purchasing an additional 134,201 shares in the last quarter. Nordea Investment Management AB raised its stake in MasTec by 35.0% during the fourth quarter. Nordea Investment Management AB now owns 3,963,774 shares of the construction company's stock valued at $297,006,000 after purchasing an additional 1,027,085 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in MasTec by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,658,067 shares of the construction company's stock valued at $263,271,000 after acquiring an additional 17,369 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in MasTec by 1.1% during the second quarter. Macquarie Group Ltd. now owns 2,372,108 shares of the construction company's stock valued at $169,985,000 after acquiring an additional 25,878 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on MTZ. Citigroup boosted their price objective on shares of MasTec from $74.00 to $99.00 and gave the company a "buy" rating in a research report on Monday, March 4th. UBS Group upped their price target on shares of MasTec from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Robert W. Baird upped their price target on shares of MasTec from $70.00 to $89.00 and gave the stock a "neutral" rating in a report on Monday, March 4th. TD Cowen upped their price target on shares of MasTec from $85.00 to $105.00 and gave the stock an "outperform" rating in a report on Monday, March 4th. Finally, Barclays upped their price target on shares of MasTec from $55.00 to $106.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $96.46.

MasTec Stock Up 2.6 %

Shares of MTZ stock traded up $2.42 during mid-day trading on Wednesday, hitting $94.98. 780,850 shares of the stock traded hands, compared to its average volume of 971,720. The stock has a market cap of $7.53 billion, a P/E ratio of -143.91 and a beta of 1.62. The stock's fifty day moving average is $79.53 and its two-hundred day moving average is $70.42. MasTec, Inc. has a 52-week low of $44.65 and a 52-week high of $123.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.36.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.26 billion. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. Equities analysts predict that MasTec, Inc. will post 2.33 EPS for the current year.

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.