First National Bank of Omaha lifted its holdings in MasTec, Inc. (NYSE:MTZ) by 27.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 100,218 shares of the construction company’s stock after buying an additional 21,382 shares during the period. First National Bank of Omaha’s holdings in MasTec were worth $5,165,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Trexquant Investment LP bought a new stake in shares of MasTec in the 1st quarter worth about $2,249,000. Macquarie Group Ltd. increased its holdings in shares of MasTec by 4.6% in the 4th quarter. Macquarie Group Ltd. now owns 3,787,941 shares of the construction company’s stock worth $153,639,000 after buying an additional 167,974 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of MasTec by 692.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 36,619 shares of the construction company’s stock worth $1,485,000 after buying an additional 31,998 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of MasTec by 439.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 38,398 shares of the construction company’s stock worth $1,447,000 after buying an additional 31,280 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of MasTec by 45.7% in the 4th quarter. Principal Financial Group Inc. now owns 867,383 shares of the construction company’s stock worth $35,181,000 after buying an additional 272,022 shares during the last quarter. Hedge funds and other institutional investors own 85.42% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. KeyCorp boosted their target price on shares of PGT Innovations from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. UBS Group reduced their target price on shares of Mylan to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. ValuEngine downgraded shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a report on Monday, May 20th. Finally, Barclays set a $330.00 price target on shares of Thermo Fisher Scientific and gave the company a “buy” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $60.44.

In related news, Director Robert J. Dwyer sold 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $51.66, for a total transaction of $516,600.00. Following the transaction, the director now directly owns 23,587 shares in the company, valued at approximately $1,218,504.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.00% of the company’s stock.

NYSE:MTZ traded up $1.34 during mid-day trading on Tuesday, hitting $50.65. 878,714 shares of the stock traded hands, compared to its average volume of 774,878. The stock has a market cap of $3.82 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.41 and a beta of 1.48. MasTec, Inc. has a 52 week low of $37.24 and a 52 week high of $53.80. The stock has a 50 day moving average price of $50.03. The company has a quick ratio of 1.70, a current ratio of 1.79 and a debt-to-equity ratio of 1.18.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.39 by $0.19. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.43 billion. MasTec had a net margin of 3.93% and a return on equity of 21.31%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. Research analysts predict that MasTec, Inc. will post 4.4 EPS for the current fiscal year.

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.

See Also: What are municipal bonds?

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).

Institutional Ownership by Quarter for MasTec (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.