Dupont Capital Management Corp Has $1.29 Million Holdings in MasTec, Inc. (MTZ)
Dupont Capital Management Corp trimmed its position in shares of MasTec, Inc. (NYSE:MTZ) by 67.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 26,912 shares of the construction company’s stock after selling 55,205 shares during the period. Dupont Capital Management Corp’s holdings in MasTec were worth $1,294,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of MTZ. Oregon Public Employees Retirement Fund acquired a new stake in shares of MasTec in the 4th quarter valued at approximately $26,000. Flagship Harbor Advisors LLC boosted its stake in shares of MasTec by 378.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 948 shares of the construction company’s stock valued at $38,000 after purchasing an additional 750 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of MasTec by 138.9% in the 4th quarter. IFP Advisors Inc now owns 989 shares of the construction company’s stock valued at $40,000 after purchasing an additional 575 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of MasTec in the 4th quarter valued at approximately $53,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of MasTec in the 4th quarter valued at approximately $101,000. Institutional investors own 86.98% of the company’s stock.
NYSE:MTZ opened at $51.24 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.79. MasTec, Inc. has a one year low of $37.24 and a one year high of $54.70. The company has a market cap of $3.94 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.48 and a beta of 1.43.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Monday, April 8th. ValuEngine upgraded shares of MasTec from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Barclays reiterated a “buy” rating and set a $57.00 target price on shares of MasTec in a research report on Wednesday, March 13th. B. Riley cut their target price on shares of MasTec from $71.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Finally, Robert W. Baird lifted their target price on shares of MasTec from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $60.00.
MasTec Company Profile
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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