Kirr Marbach & Co. LLC IN Has $14.6 Million Stake in MasTec, Inc. (MTZ)
Kirr Marbach & Co. LLC IN cut its stake in MasTec, Inc. (NYSE:MTZ) by 7.9% during the first quarter, Holdings Channel reports. The fund owned 364,547 shares of the construction company’s stock after selling 31,277 shares during the period. MasTec comprises approximately 3.3% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 4th largest position. Kirr Marbach & Co. LLC IN owned 0.45% of MasTec worth $14,600,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of MTZ. State Street Corp boosted its stake in shares of MasTec by 3.4% in the fourth quarter. State Street Corp now owns 1,199,265 shares of the construction company’s stock valued at $45,875,000 after buying an additional 39,991 shares during the last quarter. Norges Bank purchased a new stake in shares of MasTec during the fourth quarter valued at $26,156,000. FMR LLC purchased a new stake in shares of MasTec during the fourth quarter valued at $20,566,000. Teachers Advisors LLC boosted its stake in shares of MasTec by 365.4% in the third quarter. Teachers Advisors LLC now owns 492,605 shares of the construction company’s stock valued at $14,650,000 after buying an additional 386,759 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. boosted its stake in shares of MasTec by 14.3% in the third quarter. Hussman Strategic Advisors Inc. now owns 400,000 shares of the construction company’s stock valued at $11,896,000 after buying an additional 50,000 shares during the last quarter. 68.50% of the stock is currently owned by institutional investors.
MasTec, Inc. (NYSE:MTZ) traded up 1.63% during midday trading on Thursday, hitting $43.65. The company had a trading volume of 688,060 shares. MasTec, Inc. has a 52 week low of $20.38 and a 52 week high of $43.80. The stock has a market capitalization of $3.52 billion, a PE ratio of 27.11 and a beta of 1.36. The stock has a 50 day moving average price of $39.74 and a 200-day moving average price of $36.47.
MasTec (NYSE:MTZ) last issued its earnings results on Thursday, February 23rd. The construction company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. MasTec had a return on equity of 10.76% and a net margin of 0.02%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company’s revenue was up 30.7% compared to the same quarter last year. On average, equities analysts predict that MasTec, Inc. will post $2.35 EPS for the current year.
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Several equities research analysts recently weighed in on MTZ shares. Zacks Investment Research raised MasTec from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, March 7th. Citigroup Inc upped their price target on MasTec from $32.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, January 23rd. Credit Suisse Group AG assumed coverage on MasTec in a research note on Monday, April 3rd. They issued a “neutral” rating and a $42.00 price target on the stock. FBR & Co reissued an “outperform” rating and issued a $50.00 target price on shares of MasTec in a research note on Friday, February 24th. Finally, DA Davidson reissued a “neutral” rating on shares of MasTec in a research note on Thursday, February 16th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $39.82.
MasTec Company 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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