BlackRock Inc. grew its stake in shares of MasTec, Inc. (NYSE:MTZ) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,824,757 shares of the construction company’s stock after acquiring an additional 75,133 shares during the quarter. BlackRock Inc. owned about 5.83% of MasTec worth $236,171,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of MTZ. Sei Investments Co. increased its holdings in shares of MasTec by 32.4% during the third quarter. Sei Investments Co. now owns 175,651 shares of the construction company’s stock valued at $8,150,000 after acquiring an additional 42,973 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in MasTec by 458.6% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 31,401 shares of the construction company’s stock worth $1,457,000 after buying an additional 25,780 shares during the period. Advisor Group Inc. increased its holdings in MasTec by 27.6% in the 3rd quarter. Advisor Group Inc. now owns 11,543 shares of the construction company’s stock worth $535,000 after buying an additional 2,496 shares during the period. Bank of New York Mellon Corp increased its holdings in MasTec by 12.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 364,094 shares of the construction company’s stock worth $16,893,000 after buying an additional 40,854 shares during the period. Finally, Kiwi Wealth Investments Limited Partnership acquired a new position in MasTec in the 3rd quarter worth approximately $6,359,000. Hedge funds and other institutional investors own 78.96% of the company’s stock.
In other news, EVP Cardenas Alberto De sold 15,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $49.55, for a total transaction of $743,250.00. Following the transaction, the executive vice president now owns 110,502 shares in the company, valued at approximately $5,475,374.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Julia L. Johnson sold 29,607 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $51.11, for a total value of $1,513,213.77. Following the transaction, the director now owns 72,921 shares in the company, valued at approximately $3,726,992.31. The disclosure for this sale can be found here. Insiders have sold a total of 94,607 shares of company stock worth $4,887,214 in the last ninety days. Corporate insiders own 20.30% of the company’s stock.
Shares of MasTec, Inc. (MTZ) opened at $51.90 on Wednesday. The company has a market cap of $4,300.00, a P/E ratio of 18.80, a PEG ratio of 1.09 and a beta of 1.48. MasTec, Inc. has a one year low of $36.40 and a one year high of $55.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.84 and a current ratio of 1.92.
MasTec Company Profile
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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