Falcon Point Capital LLC increased its stake in shares of MasTec, Inc. (NYSE:MTZ) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,726 shares of the construction company’s stock after buying an additional 15,173 shares during the quarter. Falcon Point Capital LLC’s holdings in MasTec were worth $10,217,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its position in MasTec by 15.3% in the third quarter. Macquarie Group Ltd. now owns 3,046,860 shares of the construction company’s stock worth $141,374,000 after purchasing an additional 404,076 shares during the last quarter. State Street Corp boosted its position in MasTec by 6.8% in the second quarter. State Street Corp now owns 1,319,541 shares of the construction company’s stock worth $59,578,000 after purchasing an additional 84,002 shares during the last quarter. Rothschild Asset Management Inc. boosted its position in MasTec by 18.5% in the third quarter. Rothschild Asset Management Inc. now owns 943,843 shares of the construction company’s stock worth $43,794,000 after purchasing an additional 147,017 shares during the last quarter. 1060 Capital LLC boosted its position in MasTec by 73.0% in the third quarter. 1060 Capital LLC now owns 940,275 shares of the construction company’s stock worth $43,629,000 after purchasing an additional 396,847 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in MasTec by 14.9% in the third quarter. Ameriprise Financial Inc. now owns 907,267 shares of the construction company’s stock worth $42,096,000 after purchasing an additional 117,839 shares during the last quarter. Institutional investors and hedge funds own 72.33% of the company’s stock.

MasTec, Inc. (NYSE MTZ) opened at $49.60 on Tuesday. MasTec, Inc. has a 1 year low of $35.75 and a 1 year high of $55.53. 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 company has a market capitalization of $4,055.27, a price-to-earnings ratio of 16.28, a PEG ratio of 1.12 and a beta of 1.49.

In related news, COO Robert E. Apple sold 25,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $55.07, for a total transaction of $1,376,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 20.30% of the company’s stock.

Several research firms have weighed in on MTZ. Citigroup boosted their price objective on MasTec from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. ValuEngine raised MasTec from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price target on MasTec from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Zacks Investment Research cut MasTec from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $67.00 price target (up previously from $66.00) on shares of MasTec in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $58.94.

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MasTec Profile

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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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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