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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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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