MasTec, Inc. (NYSE:MTZ) Shares Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. grew its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 126.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,546 shares of the construction company’s stock after purchasing an additional 9,228 shares during the quarter. Lecap Asset Management Ltd.’s holdings in MasTec were worth $2,253,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MTZ. Pacer Advisors Inc. grew its stake in MasTec by 65.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company’s stock valued at $278,312,000 after acquiring an additional 895,227 shares in the last quarter. State Street Corp grew its position in shares of 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 purchasing an additional 24,522 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of MasTec by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company’s stock valued at $126,370,000 after purchasing an additional 16,844 shares during the last quarter. Point72 Asset Management L.P. lifted its position in MasTec by 57.7% during the third quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company’s stock worth $94,096,000 after buying an additional 279,778 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in MasTec by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company’s stock worth $77,592,000 after buying an additional 7,469 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of MTZ opened at $144.98 on Friday. The company has a market cap of $11.49 billion, a P/E ratio of 129.45 and a beta of 1.73. MasTec, Inc. has a fifty-two week low of $67.52 and a fifty-two week high of $166.95. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average price is $142.86 and its 200 day moving average price is $128.36.

Insiders Place Their Bets

In related news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the director now directly owns 42,478 shares in the company, valued at approximately $6,159,310. This trade represents a 6.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the sale, 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. Insiders own 21.30% of the company’s stock.

Analyst Ratings Changes

MTZ has been the subject of a number of recent research reports. Truist Financial raised their target price on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lifted their target price on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. TD Cowen increased their price target on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Guggenheim initiated coverage on shares of MasTec in a report on Wednesday, January 8th. They set a “buy” rating and a $195.00 price target for the company. Finally, Craig Hallum increased their price objective on MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.57.

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.