Deutsche Bank AG Grows Position in MasTec, Inc. (MTZ)
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.
TRADEMARK VIOLATION NOTICE: “Deutsche Bank AG Grows Position in MasTec, Inc. (MTZ)” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/deutsche-bank-ag-grows-position-in-mastec-inc-mtz/2954150.html.
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.
Further Reading: Compound Interest
Want to see what other hedge funds are holding MTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasTec, Inc. (NYSE:MTZ).
Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter.