Quantinno Capital Management LP Boosts Position in MasTec, Inc. (NYSE:MTZ)

Quantinno Capital Management LP grew its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 156.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,833 shares of the construction company's stock after purchasing an additional 34,031 shares during the quarter. Quantinno Capital Management LP owned about 0.07% of MasTec worth $7,601,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MTZ. New York State Teachers Retirement System grew its stake in shares of MasTec by 21.7% in the 4th quarter. New York State Teachers Retirement System now owns 32,307 shares of the construction company's stock worth $4,398,000 after acquiring an additional 5,750 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in MasTec by 45.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company's stock valued at $3,880,000 after purchasing an additional 8,948 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in MasTec by 286.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company's stock valued at $2,433,000 after purchasing an additional 13,241 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of MasTec during the fourth quarter worth approximately $415,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of MasTec by 0.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,835 shares of the construction company's stock worth $1,883,000 after buying an additional 105 shares during the period. Institutional investors own 78.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MTZ. Piper Sandler boosted their target price on shares of MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Robert W. Baird reduced their target price on shares of MasTec from $162.00 to $153.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Guggenheim restated a "buy" rating and issued a $195.00 price target on shares of MasTec in a research note on Monday, May 5th. Stifel Nicolaus upped their price target on MasTec from $143.00 to $171.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Barclays increased their target price on MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, MasTec has an average rating of "Moderate Buy" and a consensus price target of $162.06.

MasTec Stock Performance

NYSE MTZ traded down $1.89 during midday trading on Wednesday, hitting $156.35. The company had a trading volume of 234,649 shares, compared to its average volume of 935,562. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 139.65 and a beta of 1.71. The firm has a fifty day simple moving average of $127.82 and a two-hundred day simple moving average of $134.95. MasTec, Inc. has a fifty-two week low of $89.96 and a fifty-two week high of $166.95.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.17. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted ($0.13) EPS. Equities analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $153.89, for a total transaction of $461,670.00. Following the sale, the director now directly owns 39,782 shares in the company, valued at $6,122,051.98. This represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ernst N. Csiszar sold 2,517 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $131.63, for a total transaction of $331,312.71. Following the completion of the transaction, the director now directly owns 23,000 shares of the company's stock, valued at $3,027,490. This trade represents a 9.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.30% of the company's stock.

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.