Chicago Equity Partners LLC boosted its position in shares of MasTec, Inc. (NYSE:MTZ) by 12.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,835 shares of the construction company’s stock after acquiring an additional 7,280 shares during the quarter. Chicago Equity Partners LLC owned 0.08% of MasTec worth $3,008,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in MTZ. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in MasTec by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,212 shares of the construction company’s stock valued at $100,000 after acquiring an additional 229 shares during the period. SG Americas Securities LLC acquired a new stake in MasTec in the 2nd quarter valued at about $102,000. Global X Management Co. LLC raised its position in MasTec by 220.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,614 shares of the construction company’s stock valued at $118,000 after purchasing an additional 1,799 shares in the last quarter. Creative Planning raised its position in MasTec by 16.4% in the 2nd quarter. Creative Planning now owns 2,685 shares of the construction company’s stock valued at $121,000 after purchasing an additional 379 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in MasTec in the 2nd quarter valued at about $157,000. Institutional investors own 70.71% of the company’s stock.
MTZ has been the topic of a number of analyst reports. Zacks Investment Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 9th. Deutsche Bank AG raised MasTec from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, September 12th. BidaskClub lowered MasTec from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.50 price target on shares of MasTec in a research report on Saturday, August 19th. Finally, ValuEngine raised MasTec from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. MasTec has a consensus rating of “Buy” and an average price target of $55.14.
MasTec, Inc. (NYSE MTZ) opened at $42.90 on Friday. The company has a market capitalization of $3,566.98, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 1.16 and a beta of 1.54. MasTec, Inc. has a 12-month low of $33.30 and a 12-month high of $49.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74.
MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.73 by $0.09. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.66 billion. MasTec had a return on equity of 20.67% and a net margin of 3.78%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. equities analysts expect that MasTec, Inc. will post 2.65 EPS for the current year.
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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