Crossmark Global Holdings Inc. Buys 7,984 Shares of MasTec, Inc. (NYSE:MTZ)

Crossmark Global Holdings Inc. grew its stake in MasTec, Inc. (NYSE:MTZ) by 216.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,673 shares of the construction company’s stock after acquiring an additional 7,984 shares during the period. Crossmark Global Holdings Inc.’s holdings in MasTec were worth $1,437,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hobbs Group Advisors LLC bought a new stake in shares of MasTec in the second quarter valued at about $27,000. GAMMA Investing LLC raised its holdings in shares of MasTec by 64.9% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock valued at $39,000 after purchasing an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of MasTec in the 2nd quarter worth approximately $40,000. UMB Bank n.a. boosted its stake in shares of MasTec by 46.3% during the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock valued at $47,000 after purchasing an additional 120 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in MasTec by 5,436.4% during the first quarter. Bessemer Group Inc. now owns 609 shares of the construction company’s stock valued at $57,000 after buying an additional 598 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MasTec

In related news, COO Robert E. Apple sold 20,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $126.27, for a total value of $2,525,400.00. Following the transaction, the chief operating officer now owns 217,202 shares in the company, valued at approximately $27,426,096.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Robert E. Apple sold 800 shares of the business’s stock in a transaction dated 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 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 filing with the SEC, which is available through the SEC website. Also, COO Robert E. Apple sold 20,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $126.27, for a total value of $2,525,400.00. Following the completion of the sale, the chief operating officer now owns 217,202 shares in the company, valued at $27,426,096.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,823 shares of company stock worth $5,558,301. 21.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on MTZ. TD Cowen upped their target price on MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 4th. B. Riley reaffirmed a “buy” rating and set a $166.00 price objective (up previously from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. UBS Group lifted their target price on MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup raised their price target on shares of MasTec from $122.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of MasTec in a research note on Monday, October 7th. They set an “overweight” rating and a $153.00 price objective for the company. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.62.

MasTec Price Performance

Shares of MTZ opened at $139.32 on Thursday. The firm has a market capitalization of $11.04 billion, a PE ratio of 124.39 and a beta of 1.70. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The company’s fifty day moving average price is $124.08 and its 200-day moving average price is $112.91. MasTec, Inc. has a 1-year low of $50.90 and a 1-year high of $147.23.

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.