3,107 Shares in MasTec, Inc. (NYSE:MTZ) Purchased by BayBridge Capital Group LLC

BayBridge Capital Group LLC bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the fourth quarter, Holdings Channel.com reports. The firm bought 3,107 shares of the construction company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTZ. CIBC Asset Management Inc boosted its position 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 worth $281,000 after buying an additional 82 shares during the period. Coldstream Capital Management Inc. raised its stake in MasTec by 2.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company’s stock valued at $423,000 after acquiring an additional 94 shares in the last quarter. New York State Teachers Retirement System boosted its position 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 worth $3,269,000 after acquiring an additional 100 shares during the period. Victory Capital Management Inc. grew its stake 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 worth $1,583,000 after purchasing an additional 101 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of MasTec by 29.8% during the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company’s stock valued at $67,000 after purchasing an additional 113 shares during the period. Institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MTZ shares. B. Riley reaffirmed a “buy” rating and issued a $166.00 price objective (up previously from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Guggenheim initiated coverage on shares of MasTec in a research note on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price target for the company. Truist Financial raised their price objective on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their target price on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Finally, TD Cowen lifted their price target on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.57.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the stock in a transaction 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 sale, the chief operating officer now owns 187,202 shares of the company’s stock, valued at $28,080,300. The trade was 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.

MasTec Trading Down 0.1 %

Shares of NYSE MTZ opened at $144.96 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. MasTec, Inc. has a 12 month low of $68.54 and a 12 month high of $166.95. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 129.43 and a beta of 1.73. The business has a fifty day simple moving average of $142.86 and a 200-day simple moving average of $128.36.

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.