Claro Advisors LLC Purchases Shares of 1,310 MasTec, Inc. (NYSE:MTZ)

Claro Advisors LLC purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,310 shares of the construction company’s stock, valued at approximately $161,000.

Several other institutional investors have also added to or reduced their stakes in MTZ. B. Riley Wealth Advisors Inc. raised its stake in shares of MasTec by 41.2% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,222 shares of the construction company’s stock valued at $320,000 after acquiring an additional 1,231 shares during the last quarter. Bouvel Investment Partners LLC raised its stake in shares of MasTec by 2.5% during the first quarter. Bouvel Investment Partners LLC now owns 19,999 shares of the construction company’s stock valued at $1,865,000 after acquiring an additional 494 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of MasTec by 2.1% during the first quarter. State of Michigan Retirement System now owns 14,839 shares of the construction company’s stock valued at $1,384,000 after acquiring an additional 300 shares during the last quarter. DMC Group LLC raised its stake in shares of MasTec by 5.5% during the first quarter. DMC Group LLC now owns 2,841 shares of the construction company’s stock valued at $265,000 after acquiring an additional 147 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of MasTec by 2.6% during the first quarter. Principal Financial Group Inc. now owns 227,714 shares of the construction company’s stock valued at $21,234,000 after acquiring an additional 5,682 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total transaction of $348,780.00. Following the transaction, the director now owns 48,173 shares in the company, valued at $5,600,592.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total transaction of $348,780.00. Following the completion of the sale, the director now directly owns 48,173 shares in the company, valued at approximately $5,600,592.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the chief operating officer now owns 216,402 shares in the company, valued at approximately $28,140,916.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,800 shares of company stock worth $2,978,212 over the last three months. 21.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of research reports. DA Davidson increased their price target on shares of MasTec from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. initiated coverage on shares of MasTec in a research note on Monday, October 7th. They issued an “overweight” rating and a $153.00 price target for the company. Stifel Nicolaus increased their price target on shares of MasTec from $121.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. KeyCorp increased their price target on shares of MasTec from $123.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their price target on shares of MasTec from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $127.62.

MasTec Stock Down 0.1 %

MasTec stock opened at $127.15 on Monday. MasTec, Inc. has a 12 month low of $44.65 and a 12 month high of $130.22. The stock has a fifty day simple moving average of $116.51 and a two-hundred day simple moving average of $107.61. 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 firm has a market cap of $10.10 billion, a price-to-earnings ratio of -908.21 and a beta of 1.70.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. MasTec had a return on equity of 6.42% and a net margin of 0.06%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period last year, the firm posted $0.81 earnings per share. MasTec’s revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that MasTec, Inc. will post 2.69 EPS for the current fiscal 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.