Polianta Ltd Sells 1,500 Shares of MasTec, Inc. (NYSE:MTZ)

Polianta Ltd decreased its position in shares of MasTec, Inc. (NYSE:MTZ) by 13.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,700 shares of the construction company’s stock after selling 1,500 shares during the quarter. Polianta Ltd’s holdings in MasTec were worth $1,194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MTZ. Hobbs Group Advisors LLC purchased a new stake in MasTec during the 2nd quarter valued at $27,000. Quarry LP purchased a new stake in shares of MasTec during the fourth quarter valued at $37,000. GAMMA Investing LLC increased its holdings in MasTec by 64.9% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock worth $39,000 after buying an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in MasTec in the 2nd quarter worth about $40,000. Finally, UMB Bank n.a. lifted its stake in MasTec by 46.3% during the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock valued at $47,000 after acquiring an additional 120 shares during the period. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

NYSE MTZ opened at $127.39 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.86. MasTec, Inc. has a 12 month low of $44.65 and a 12 month high of $130.22. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of -909.93 and a beta of 1.70. The company’s 50 day moving average is $114.37 and its two-hundred day moving average is $106.44.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.09 billion. MasTec had a net margin of 0.06% and a return on equity of 6.42%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. As a group, research analysts anticipate that MasTec, Inc. will post 2.69 earnings per share for the current year.

Insider Transactions at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total transaction of $348,780.00. Following the sale, the director now owns 48,173 shares of the company’s stock, valued at approximately $5,600,592.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Robert E. Apple sold 20,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 217,202 shares of the company’s stock, valued at approximately $27,426,096.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total transaction of $348,780.00. Following the completion of the sale, the director now owns 48,173 shares in the company, valued at approximately $5,600,592.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,800 shares of company stock valued at $2,978,212 over the last 90 days. Company insiders own 21.30% of the company’s stock.

Analysts Set New Price Targets

MTZ has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of MasTec from $121.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup lifted their target price on shares of MasTec from $118.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. DA Davidson increased their price target on MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, August 5th. KeyCorp lifted their price objective on MasTec from $123.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on MasTec in a report on Monday, October 7th. They issued an “overweight” rating and a $153.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, MasTec has an average rating of “Moderate Buy” and an average target price of $127.62.

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.