MasTec, Inc. (NYSE:MTZ) COO Robert E. Apple Sells 800 Shares

MasTec, Inc. (NYSE:MTZ) COO Robert E. Apple sold 800 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $130.04, for a total value of $104,032.00. Following the completion of the sale, the chief operating officer now directly owns 216,402 shares of the company’s stock, valued at $28,140,916.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MasTec Stock Down 0.5 %

NYSE:MTZ traded down $0.67 on Wednesday, reaching $127.76. 599,358 shares of the stock traded hands, compared to its average volume of 858,201. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of -911.86 and a beta of 1.70. MasTec, Inc. has a 12 month low of $44.65 and a 12 month high of $130.22. The company’s fifty day simple moving average is $113.10 and its 200 day simple moving average is $105.71.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. MasTec had a net margin of 0.06% and a return on equity of 6.42%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that MasTec, Inc. will post 2.71 EPS for the current fiscal year.

Hedge Funds Weigh In On MasTec

Hedge funds have recently bought and sold shares of the business. Electron Capital Partners LLC grew its stake in shares of MasTec by 16.1% in the fourth quarter. Electron Capital Partners LLC now owns 1,725,209 shares of the construction company’s stock worth $130,633,000 after acquiring an additional 238,874 shares during the period. Pacer Advisors Inc. raised its position in MasTec by 15,067.0% in the second quarter. Pacer Advisors Inc. now owns 1,365,638 shares of the construction company’s stock worth $146,110,000 after acquiring an additional 1,356,634 shares during the period. Hood River Capital Management LLC boosted its stake in shares of MasTec by 59.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company’s stock worth $127,773,000 after acquiring an additional 446,762 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in shares of MasTec by 42.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,041,868 shares of the construction company’s stock valued at $78,890,000 after acquiring an additional 312,991 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in shares of MasTec by 96.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,022,700 shares of the construction company’s stock worth $77,439,000 after purchasing an additional 502,039 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

MTZ has been the topic of a number of research analyst reports. DA Davidson boosted their price objective on shares of MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Citigroup boosted their price objective on shares of MasTec from $118.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group boosted their price objective on shares of MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. initiated coverage on shares of MasTec in a research report on Monday. They set an “overweight” rating and a $153.00 price objective on the stock. Finally, KeyCorp boosted their price objective on shares of MasTec from $123.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.38.

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.