Deutsche Bank AG increased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 258.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 505,434 shares of the construction company’s stock after acquiring an additional 364,512 shares during the quarter. Deutsche Bank AG’s holdings in MasTec were worth $20,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of MasTec by 54.6% in the fourth quarter. BlackRock Inc. now owns 7,818,157 shares of the construction company’s stock valued at $317,103,000 after purchasing an additional 2,762,363 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of MasTec in the fourth quarter valued at approximately $26,000. Marshall Wace North America L.P. increased its stake in shares of MasTec by 113.3% in the third quarter. Marshall Wace North America L.P. now owns 120,827 shares of the construction company’s stock valued at $5,395,000 after purchasing an additional 1,027,187 shares during the period. Nordea Investment Management AB increased its stake in shares of MasTec by 981.2% in the third quarter. Nordea Investment Management AB now owns 739,415 shares of the construction company’s stock valued at $33,015,000 after purchasing an additional 671,026 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of MasTec by 18.3% in the third quarter. Macquarie Group Ltd. now owns 3,619,967 shares of the construction company’s stock valued at $161,631,000 after purchasing an additional 559,588 shares during the period. Hedge funds and other institutional investors own 87.55% of the company’s stock.

MasTec stock opened at $50.44 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $3.78 billion, a PE ratio of 13.86, a P/E/G ratio of 1.49 and a beta of 1.43. MasTec, Inc. has a 12-month low of $37.24 and a 12-month high of $54.70.

Several equities research analysts have commented on MTZ shares. DA Davidson dropped their price target on shares of MasTec to $57.00 and set a “buy” rating on the stock in a research note on Monday, February 4th. ValuEngine upgraded shares of MasTec from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Barclays reiterated a “buy” rating and issued a $57.00 price objective on shares of MasTec in a report on Wednesday, March 13th. Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Friday, January 4th. Finally, B. Riley decreased their price objective on shares of MasTec from $71.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. MasTec presently has a consensus rating of “Buy” and a consensus price target of $59.88.

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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, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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