Susquehanna Fundamental Investments LLC Takes $613,000 Position in MasTec, Inc. (NYSE:MTZ)

Susquehanna Fundamental Investments LLC bought a new position in MasTec, Inc. (NYSE:MTZ - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,500 shares of the construction company's stock, valued at approximately $613,000.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of MasTec by 15.1% in the fourth quarter. Allworth Financial LP now owns 596 shares of the construction company's stock valued at $81,000 after buying an additional 78 shares in the last quarter. Arizona State Retirement System lifted its position in MasTec by 0.5% in the 4th quarter. Arizona State Retirement System now owns 18,393 shares of the construction company's stock valued at $2,504,000 after acquiring an additional 89 shares in the last quarter. Fielder Capital Group LLC boosted its stake in MasTec by 6.1% during the 4th quarter. Fielder Capital Group LLC now owns 1,816 shares of the construction company's stock valued at $247,000 after purchasing an additional 105 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in MasTec by 0.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,835 shares of the construction company's stock worth $1,883,000 after purchasing an additional 105 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of MasTec by 29.8% in the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company's stock worth $67,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup decreased their price target on MasTec from $167.00 to $152.00 and set a "buy" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. boosted their price target on shares of MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Barclays lifted their target price on shares of MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. KeyCorp reduced their target price on MasTec from $168.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Guggenheim reiterated a "buy" rating and set a $195.00 price target on shares of MasTec in a report on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $151.00.

MasTec Stock Performance

MasTec stock opened at $141.07 on Friday. The firm's 50 day simple moving average is $120.52 and its 200 day simple moving average is $132.64. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. MasTec, Inc. has a 1-year low of $89.96 and a 1-year high of $166.95. The firm has a market capitalization of $11.15 billion, a PE ratio of 125.96 and a beta of 1.71.

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

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 2,517 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $131.63, for a total value of $331,312.71. Following the transaction, the director now owns 23,000 shares of the company's stock, valued at $3,027,490. This represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.30% of the company's stock.

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.

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