Dana Investment Advisors Inc. Has $1.87 Million Stake in MasTec, Inc. (MTZ)

Dana Investment Advisors Inc. lowered its stake in shares of MasTec, Inc. (NYSE:MTZ) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,056 shares of the construction company’s stock after selling 2,818 shares during the period. Dana Investment Advisors Inc. owned 0.06% of MasTec worth $1,868,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MTZ. Oregon Public Employees Retirement Fund acquired a new position in shares of MasTec during the 4th quarter worth approximately $26,000. Flagship Harbor Advisors LLC increased its holdings in shares of MasTec by 378.8% during the 4th quarter. Flagship Harbor Advisors LLC now owns 948 shares of the construction company’s stock worth $38,000 after acquiring an additional 750 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of MasTec by 138.9% during the 4th quarter. IFP Advisors Inc now owns 989 shares of the construction company’s stock worth $40,000 after acquiring an additional 575 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of MasTec during the 4th quarter worth approximately $53,000. Finally, LS Investment Advisors LLC acquired a new position in shares of MasTec during the 4th quarter worth approximately $141,000. Institutional investors own 84.20% of the company’s stock.

Shares of NYSE MTZ opened at $47.65 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 0.95. MasTec, Inc. has a one year low of $37.24 and a one year high of $54.70. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 1.41 and a beta of 1.42.

A number of research firms recently weighed in on MTZ. ValuEngine raised MasTec from a “sell” rating to a “hold” rating in a report on Friday. Barclays reissued a “buy” rating and set a $57.00 target price on shares of MasTec in a report on Wednesday. B. Riley decreased their target price on MasTec from $71.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. Robert W. Baird boosted their target price on MasTec from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Finally, DA Davidson decreased their target price on MasTec to $57.00 and set a “buy” rating on the stock in a report on Monday, February 4th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $57.44.

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About MasTec

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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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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