MasTec, Inc. (NYSE:MTZ) Stock Position Raised by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 16.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,036,101 shares of the construction company's stock after purchasing an additional 144,180 shares during the quarter. Vontobel Holding Ltd. owned about 1.31% of MasTec worth $78,454,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MTZ. Lecap Asset Management Ltd. acquired a new stake in shares of MasTec during the 4th quarter worth approximately $1,077,000. Louisiana State Employees Retirement System acquired a new stake in shares of MasTec during the 4th quarter worth approximately $1,287,000. Smith Graham & Co. Investment Advisors LP increased its holdings in shares of MasTec by 21.3% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 85,158 shares of the construction company's stock worth $6,448,000 after buying an additional 14,964 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in shares of MasTec by 909.8% during the 4th quarter. Peregrine Capital Management LLC now owns 136,852 shares of the construction company's stock worth $10,362,000 after buying an additional 123,299 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of MasTec by 6,849.8% during the 4th quarter. International Assets Investment Management LLC now owns 79,506 shares of the construction company's stock worth $6,020,000 after buying an additional 78,362 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Down 4.3 %

Shares of MasTec stock traded down $3.95 during trading on Friday, hitting $87.96. 927,305 shares of the stock were exchanged, compared to its average volume of 643,095. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of -133.27 and a beta of 1.62. The firm's 50-day moving average price is $82.97 and its 200 day moving average price is $71.05. MasTec, Inc. has a 12-month low of $44.65 and a 12-month 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 announced its quarterly earnings results on Thursday, February 29th. The construction company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.20. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.26 billion. As a group, analysts forecast that MasTec, Inc. will post 2.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MTZ has been the subject of several research reports. TD Cowen lifted their target price on shares of MasTec from $85.00 to $105.00 and gave the company an "outperform" rating in a report on Monday, March 4th. Craig Hallum upgraded shares of MasTec from a "hold" rating to a "buy" rating and lifted their target price for the company from $50.00 to $96.00 in a report on Monday, March 4th. Truist Financial assumed coverage on shares of MasTec in a report on Thursday, March 14th. They issued a "hold" rating and a $96.00 target price for the company. UBS Group boosted their price target on shares of MasTec from $89.00 to $92.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus boosted their price target on shares of MasTec from $70.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, December 19th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $96.46.

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.