MasTec, Inc. (NYSE:MTZ) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 597,747 shares of the construction company's stock after buying an additional 25,779 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.76% of MasTec worth $45,261,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of MasTec during the 3rd quarter worth $41,000. Itau Unibanco Holding S.A. acquired a new position in shares of MasTec during the 3rd quarter worth $43,000. CWM LLC grew its stake in shares of MasTec by 59.4% during the 4th quarter. CWM LLC now owns 837 shares of the construction company's stock worth $63,000 after purchasing an additional 312 shares during the period. Cetera Trust Company N.A acquired a new position in shares of MasTec during the 4th quarter worth $160,000. Finally, DMC Group LLC acquired a new position in shares of MasTec during the 4th quarter worth $204,000. 78.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MTZ. Barclays upped their price target on shares of MasTec from $106.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, May 6th. KeyCorp increased their price objective on shares of MasTec from $113.00 to $120.00 and gave the company an "overweight" rating in a research note on Monday, May 13th. StockNews.com raised shares of MasTec from a "hold" rating to a "buy" rating in a research note on Monday, May 6th. TD Cowen increased their price objective on shares of MasTec from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, May 6th. Finally, Robert W. Baird increased their price objective on shares of MasTec from $89.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $111.62.

Insider Transactions at MasTec

In other news, Director Javier Alberto Palomarez sold 2,850 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $106.67, for a total transaction of $304,009.50. Following the transaction, the director now directly owns 10,666 shares in the company, valued at approximately $1,137,742.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 21.30% of the company's stock.

MasTec Trading Up 0.8 %

NYSE:MTZ traded up $0.88 on Friday, reaching $107.33. The stock had a trading volume of 500,338 shares, compared to its average volume of 903,486. The company has a market cap of $8.53 billion, a price-to-earnings ratio of -766.64 and a beta of 1.61. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.31 and a quick ratio of 1.27. The firm's fifty day moving average is $92.69 and its two-hundred day moving average is $76.40. MasTec, Inc. has a 12-month low of $44.65 and a 12-month high of $123.33.

MasTec (NYSE:MTZ - Get Free Report) last released 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 company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.26 billion. MasTec had a negative net margin of 0.09% and a positive return on equity of 6.19%. Equities analysts expect that MasTec, Inc. will post 2.58 EPS for the current fiscal year.

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.