DNB Asset Management AS boosted its position in MasTec, Inc. (NYSE:MTZ) by 2.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,005,300 shares of the construction company’s stock after acquiring an additional 19,800 shares during the quarter. DNB Asset Management AS’s holdings in MasTec were worth $48,365,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Campbell Newman Asset Management Inc. lifted its holdings in MasTec by 2.5% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 18,025 shares of the construction company’s stock worth $867,000 after buying an additional 442 shares in the last quarter. Polianta Ltd acquired a new position in MasTec in the 1st quarter worth $1,702,000. Deutsche Bank AG lifted its holdings in MasTec by 258.7% in the 4th quarter. Deutsche Bank AG now owns 505,434 shares of the construction company’s stock worth $20,498,000 after buying an additional 364,512 shares in the last quarter. Geode Capital Management LLC lifted its holdings in MasTec by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 677,502 shares of the construction company’s stock worth $27,479,000 after buying an additional 55,834 shares in the last quarter. Finally, Norges Bank acquired a new position in MasTec in the 4th quarter worth $13,787,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

Shares of NYSE:MTZ 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. MasTec, Inc. has a fifty-two week low of $37.24 and a fifty-two week high of $54.70. The stock has a market cap of $3.78 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 1.47 and a beta of 1.43.

MTZ has been the topic of a number of recent analyst reports. Barclays reiterated a “buy” rating and issued a $57.00 price objective on shares of MasTec in a report on Wednesday, March 13th. ValuEngine upgraded shares of MasTec from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday. Robert W. Baird restated a “hold” rating and issued a $49.00 target price on shares of MasTec in a research note on Monday, January 7th. Finally, DA Davidson cut their target price on shares of MasTec to $57.00 and set a “buy” rating on the stock in a research note on Monday, February 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. MasTec presently has an average rating of “Buy” and an average 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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