International Assets Investment Management LLC Increases Stake in MasTec, Inc. (NYSE:MTZ)

International Assets Investment Management LLC grew its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 6,849.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,506 shares of the construction company's stock after acquiring an additional 78,362 shares during the quarter. International Assets Investment Management LLC owned about 0.10% of MasTec worth $6,020,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of MasTec by 152.4% during the 3rd quarter. CWM LLC now owns 525 shares of the construction company's stock valued at $38,000 after acquiring an additional 317 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of MasTec by 75.3% in the third quarter. Ronald Blue Trust Inc. now owns 540 shares of the construction company's stock worth $39,000 after buying an additional 232 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of MasTec in the third quarter worth approximately $41,000. Itau Unibanco Holding S.A. purchased a new position in shares of MasTec in the third quarter worth approximately $43,000. Finally, Covestor Ltd boosted its holdings in shares of MasTec by 40.1% in the first quarter. Covestor Ltd now owns 507 shares of the construction company's stock worth $44,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MTZ shares. The Goldman Sachs Group boosted their price target on shares of MasTec from $54.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, February 9th. 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 report on Tuesday, December 19th. Citigroup boosted their price target on shares of MasTec from $74.00 to $99.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. UBS Group lifted their price objective 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, Barclays lifted their price objective on shares of MasTec from $55.00 to $106.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.46.

MasTec Trading Down 3.7 %

Shares of MTZ traded down $3.23 during trading hours on Monday, reaching $84.73. 961,798 shares of the company traded hands, compared to its average volume of 938,940. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of -128.38 and a beta of 1.62. MasTec, Inc. has a 12-month low of $44.65 and a 12-month high of $123.33. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. The stock's fifty day moving average price is $83.31 and its 200 day moving average price is $71.14.

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results on Thursday, February 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.20. The firm 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%. Sell-side analysts forecast that MasTec, Inc. will post 2.33 earnings per share for the current 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.