147,594 Shares in MasTec, Inc. (MTZ) Purchased by Greystone Managed Investments Inc.
Greystone Managed Investments Inc. bought a new position in shares of MasTec, Inc. (NYSE:MTZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 147,594 shares of the construction company’s stock, valued at approximately $6,848,000. Greystone Managed Investments Inc. owned approximately 0.18% of MasTec as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of MTZ. Vanguard Group Inc. raised its stake in MasTec by 4.9% in the second quarter. Vanguard Group Inc. now owns 7,219,537 shares of the construction company’s stock valued at $325,963,000 after purchasing an additional 335,076 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in MasTec by 29.1% in the second quarter. BNP Paribas Arbitrage SA now owns 54,836 shares of the construction company’s stock valued at $2,476,000 after acquiring an additional 12,345 shares during the last quarter. Goldman Sachs Group Inc. grew its position in MasTec by 39.4% in the first quarter. Goldman Sachs Group Inc. now owns 144,000 shares of the construction company’s stock valued at $5,767,000 after acquiring an additional 40,682 shares during the last quarter. Timpani Capital Management LLC grew its position in MasTec by 3.3% in the second quarter. Timpani Capital Management LLC now owns 121,662 shares of the construction company’s stock valued at $5,493,000 after acquiring an additional 3,909 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new position in MasTec in the second quarter valued at about $19,803,000. 73.23% of the stock is owned by institutional investors.
A number of research analysts have issued reports on MTZ shares. Robert W. Baird upgraded MasTec from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $51.00 to $53.00 in a research report on Monday, November 6th. Zacks Investment Research cut MasTec from a “strong-buy” rating to a “hold” rating in a report on Monday, October 9th. ValuEngine cut MasTec from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Deutsche Bank AG upgraded MasTec from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, September 12th. Finally, Credit Suisse Group boosted their price target on MasTec from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $55.14.
Shares of MasTec, Inc. (NYSE:MTZ) traded up $0.60 on Tuesday, reaching $42.21. The company’s stock had a trading volume of 478,580 shares, compared to its average volume of 887,508. MasTec, Inc. has a 12-month low of $34.33 and a 12-month high of $49.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74. The firm has a market capitalization of $3,360.00, a price-to-earnings ratio of 13.49, a PEG ratio of 1.09 and a beta of 1.54.
MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.09. MasTec had a return on equity of 20.28% and a net margin of 3.28%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. The company’s revenue was up 23.3% compared to the same quarter last year. equities research analysts expect that MasTec, Inc. will post 2.65 EPS for the current fiscal year.
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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