MasTec, Inc. (NYSE:MTZ) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its holdings in MasTec, Inc. (NYSE:MTZ) by 14.9% during the third quarter, HoldingsChannel.com reports. The firm owned 27,457 shares of the construction company’s stock after buying an additional 3,569 shares during the period. Public Employees Retirement System of Ohio’s holdings in MasTec were worth $3,380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd raised its holdings in MasTec by 221.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 22,408 shares of the construction company’s stock valued at $2,758,000 after acquiring an additional 15,437 shares in the last quarter. MML Investors Services LLC raised its stake in shares of MasTec by 32.3% in the 3rd quarter. MML Investors Services LLC now owns 19,803 shares of the construction company’s stock valued at $2,438,000 after purchasing an additional 4,838 shares in the last quarter. Hodges Capital Management Inc. bought a new position in shares of MasTec during the third quarter worth about $1,385,000. Temasek Holdings Private Ltd acquired a new position in MasTec in the third quarter worth about $3,220,000. Finally, State Street Corp increased its holdings in MasTec by 1.4% in the third quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock valued at $224,530,000 after buying an additional 24,522 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total value of $348,780.00. Following the completion of the sale, the director now directly owns 48,173 shares of the company’s stock, valued at approximately $5,600,592.98. This represents a 5.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert E. Apple sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the transaction, the chief operating officer now owns 217,202 shares of the company’s stock, valued at approximately $27,426,096.54. This trade represents a 8.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,823 shares of company stock valued at $7,493,301 over the last quarter. Corporate insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

MTZ has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on MasTec from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. KeyCorp lifted their price objective on shares of MasTec from $123.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. started coverage on shares of MasTec in a research note on Monday, October 7th. They set an “overweight” rating and a $153.00 target price for the company. Stifel Nicolaus lifted their price target on shares of MasTec from $153.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, UBS Group increased their price objective on shares of MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, MasTec has a consensus rating of “Moderate Buy” and an average price target of $149.00.

MasTec Stock Up 1.5 %

MasTec stock opened at $139.80 on Tuesday. MasTec, Inc. has a 52 week low of $60.96 and a 52 week high of $150.12. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 124.82 and a beta of 1.72. The company’s 50-day moving average price is $134.73 and its two-hundred day moving average price is $118.75. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

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.