Gs Investments Inc. increased its stake in MasTec, Inc. (NYSE:MTZ) by 16.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,090 shares of the construction company’s stock after buying an additional 4,835 shares during the period. Gs Investments Inc.’s holdings in MasTec were worth $1,567,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. UBS Group AG increased its holdings in MasTec by 12.8% during the 1st quarter. UBS Group AG now owns 53,009 shares of the construction company’s stock valued at $2,495,000 after purchasing an additional 6,000 shares during the period. LPL Financial LLC grew its holdings in shares of MasTec by 34.8% during the 1st quarter. LPL Financial LLC now owns 6,266 shares of the construction company’s stock worth $295,000 after acquiring an additional 1,616 shares during the period. Guggenheim Capital LLC grew its holdings in shares of MasTec by 15.4% during the 1st quarter. Guggenheim Capital LLC now owns 25,295 shares of the construction company’s stock worth $1,189,000 after acquiring an additional 3,382 shares during the period. Pendal Group Ltd grew its holdings in shares of MasTec by 118.5% during the 2nd quarter. Pendal Group Ltd now owns 49,731 shares of the construction company’s stock worth $2,524,000 after acquiring an additional 26,974 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of MasTec by 11.5% during the 2nd quarter. Amalgamated Bank now owns 9,926 shares of the construction company’s stock worth $504,000 after acquiring an additional 1,024 shares during the period. Institutional investors and hedge funds own 83.27% of the company’s stock.
Shares of MTZ opened at $49.74 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.85 and a debt-to-equity ratio of 1.13. MasTec, Inc. has a 52 week low of $39.83 and a 52 week high of $55.53. The company has a market capitalization of $3.85 billion, a PE ratio of 18.22, a P/E/G ratio of 1.68 and a beta of 1.43.
MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, November 1st. The construction company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.13. MasTec had a return on equity of 17.01% and a net margin of 5.89%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts forecast that MasTec, Inc. will post 3.65 earnings per share for the current fiscal year.
A number of research analysts have weighed in on MTZ shares. Citigroup reiterated a “buy” rating on shares of MasTec in a report on Thursday, August 30th. Zacks Investment Research upgraded MasTec from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Wednesday, August 8th. Robert W. Baird set a $51.00 target price on MasTec and gave the stock a “buy” rating in a report on Wednesday, August 29th. ValuEngine upgraded MasTec from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Finally, Canaccord Genuity reduced their target price on MasTec from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, November 5th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $60.42.
MasTec Company Profile
MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
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