MasTec, Inc. (NYSE:MTZ) Director C Robert Campbell Sells 3,000 Shares of Stock

MasTec, Inc. (NYSE:MTZ) Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 42,478 shares of the company’s stock, valued at $6,159,310. This represents a 6.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

C Robert Campbell also recently made the following trade(s):

• On Wednesday, September 18th, C Robert Campbell sold 3,000 shares of MasTec stock. The shares were sold at an average price of $116.26, for a total transaction of $348,780.00.

MasTec Stock Performance

Shares of NYSE:MTZ opened at $144.06 on Friday. MasTec, Inc. has a 12-month low of $57.38 and a 12-month high of $150.12. The company’s 50 day moving average price is $131.53 and its two-hundred day moving average price is $116.34. The firm has a market cap of $11.42 billion, a PE ratio of 128.63 and a beta of 1.70. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

Institutional Investors Weigh In On MasTec

A number of large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its position in shares of 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 during the period. State Street Corp lifted its position in MasTec by 1.4% during the third quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock worth $224,530,000 after purchasing an additional 24,522 shares during the period. Hood River Capital Management LLC grew its stake in MasTec by 59.8% during the second quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company’s stock worth $127,773,000 after buying an additional 446,762 shares in the last quarter. Geode Capital Management LLC increased its holdings in MasTec by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company’s stock valued at $126,370,000 after buying an additional 16,844 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of MasTec by 57.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company’s stock valued at $94,096,000 after buying an additional 279,778 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MTZ shares. Citigroup raised their target price on shares of MasTec from $122.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. DA Davidson raised their price objective on MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. TD Cowen boosted their target price on MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Craig Hallum raised their price target on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group upped their price objective on shares of MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.62.

About MasTec

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.