MasTec, Inc. (NYSE:MTZ) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc lifted its position in MasTec, Inc. (NYSE:MTZ) by 98.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 688 shares of the construction company’s stock after acquiring an additional 342 shares during the period. Versant Capital Management Inc’s holdings in MasTec were worth $94,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in MasTec by 15,067.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,365,638 shares of the construction company’s stock valued at $146,110,000 after purchasing an additional 1,356,634 shares during the last quarter. D1 Capital Partners L.P. acquired a new stake in shares of MasTec during the second quarter worth about $79,494,000. Hood River Capital Management LLC boosted its position in MasTec by 59.8% in the second quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company’s stock valued at $127,773,000 after buying an additional 446,762 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in MasTec by 266.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 397,467 shares of the construction company’s stock worth $48,928,000 after buying an additional 289,090 shares during the period. Finally, Point72 Asset Management L.P. raised its position in MasTec by 57.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company’s stock worth $94,096,000 after buying an additional 279,778 shares during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Robert E. Apple sold 19,023 shares of MasTec stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $135.63, for a total value of $2,580,089.49. Following the sale, the chief operating officer now directly owns 197,202 shares of the company’s stock, valued at $26,746,507.26. The trade was a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the director now directly owns 42,478 shares of the company’s stock, valued at approximately $6,159,310. This represents a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,823 shares of company stock worth $4,619,121. Corporate insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MTZ. Stifel Nicolaus increased their price objective on shares of MasTec from $153.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen lifted their price objective on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. KeyCorp boosted their price objective on MasTec from $123.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. B. Riley reaffirmed a “buy” rating and set a $166.00 target price (up from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. began coverage on MasTec in a report on Monday, October 7th. They issued an “overweight” rating and a $153.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $150.23.

MasTec Stock Up 4.8 %

MTZ opened at $146.69 on Friday. The company has a market cap of $11.62 billion, a PE ratio of 130.97 and a beta of 1.74. MasTec, Inc. has a twelve month low of $60.96 and a twelve month high of $150.12. The company has a 50-day moving average price of $137.86 and a 200 day moving average price of $121.42. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

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.