MasTec, Inc. (NYSE:MTZ) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. boosted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 29.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 492 shares of the construction company’s stock after purchasing an additional 113 shares during the period. UMB Bank n.a.’s holdings in MasTec were worth $67,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. CIBC Asset Management Inc grew its holdings in shares of MasTec by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock valued at $281,000 after buying an additional 82 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in MasTec by 2.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company’s stock worth $423,000 after acquiring an additional 94 shares during the period. New York State Teachers Retirement System grew its stake in MasTec by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company’s stock valued at $3,269,000 after purchasing an additional 100 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of MasTec by 0.8% in the third quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock valued at $1,583,000 after purchasing an additional 101 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of MasTec by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 637 shares of the construction company’s stock worth $87,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTZ. Truist Financial increased their price target on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Citigroup increased their price objective on shares of MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. UBS Group upped their price target on shares of MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. began coverage on MasTec in a research note on Monday, October 7th. They set an “overweight” rating and a $153.00 price objective for the company. Finally, Craig Hallum upped their target price on MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.21.

MasTec Trading Down 0.4 %

Shares of NYSE:MTZ opened at $159.50 on Friday. The business’s 50 day moving average price is $143.34 and its 200-day moving average price is $126.12. MasTec, Inc. has a 1 year low of $63.97 and a 1 year high of $166.95. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 142.41 and a beta of 1.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the sale, the director now directly owns 42,478 shares in the company, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief operating officer now owns 187,202 shares in the company, valued at approximately $28,080,300. This trade represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,023 shares of company stock worth $4,515,089. Company insiders own 21.30% of the company’s stock.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.