Cambridge Investment Research Advisors Inc. Purchases Shares of 4,330 MasTec, Inc. (MTZ)

Cambridge Investment Research Advisors Inc. purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,330 shares of the construction company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of MasTec by 53.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the construction company’s stock valued at $166,000 after buying an additional 1,175 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in MasTec by 81.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,624 shares of the construction company’s stock worth $128,000 after purchasing an additional 1,179 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in MasTec by 2.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 51,280 shares of the construction company’s stock worth $2,510,000 after purchasing an additional 1,369 shares in the last quarter. US Bancorp DE lifted its holdings in MasTec by 3.3% during the 4th quarter. US Bancorp DE now owns 48,852 shares of the construction company’s stock worth $2,391,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Columbia Partners L L C Investment Management lifted its holdings in MasTec by 2.5% during the 4th quarter. Columbia Partners L L C Investment Management now owns 66,759 shares of the construction company’s stock worth $3,267,000 after purchasing an additional 1,600 shares in the last quarter. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on MTZ shares. Canaccord Genuity reissued a “buy” rating and set a $65.00 price objective on shares of MasTec in a report on Thursday, March 1st. B. Riley increased their price objective on MasTec from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Craig Hallum reissued a “buy” rating and set a $69.00 price objective (up previously from $64.00) on shares of MasTec in a report on Thursday, March 1st. DA Davidson increased their price objective on MasTec to $65.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Finally, Deutsche Bank raised MasTec to a “buy” rating and increased their price objective for the stock from $43.00 to $48.00 in a report on Thursday, March 22nd. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $61.15.



Shares of NYSE MTZ opened at $50.80 on Friday. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.00 and a beta of 1.55. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.74 and a current ratio of 1.82. MasTec, Inc. has a twelve month low of $38.40 and a twelve month high of $55.53.

MasTec (NYSE:MTZ) last announced its earnings results on Monday, April 30th. The construction company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.14. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.24 billion. MasTec had a return on equity of 15.48% and a net margin of 4.86%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. research analysts forecast that MasTec, Inc. will post 3.56 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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