MasTec, Inc. (MTZ) Holdings Raised by Pier Capital LLC
Pier Capital LLC boosted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 25.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,410 shares of the construction company’s stock after acquiring an additional 32,922 shares during the quarter. MasTec accounts for about 1.3% of Pier Capital LLC’s investment portfolio, making the stock its 6th largest holding. Pier Capital LLC owned 0.20% of MasTec worth $7,489,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in MTZ. Stifel Financial Corp lifted its holdings in shares of MasTec by 130.1% during the 3rd quarter. Stifel Financial Corp now owns 35,910 shares of the construction company’s stock valued at $1,671,000 after buying an additional 20,306 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of MasTec by 40.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 376,015 shares of the construction company’s stock valued at $17,447,000 after buying an additional 108,600 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of MasTec by 45.5% during the 3rd quarter. Brown Advisory Inc. now owns 13,404 shares of the construction company’s stock valued at $622,000 after buying an additional 4,192 shares during the last quarter. Carmignac Gestion lifted its holdings in shares of MasTec by 5.6% during the 3rd quarter. Carmignac Gestion now owns 190,000 shares of the construction company’s stock valued at $8,816,000 after buying an additional 10,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of MasTec by 3.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 506,624 shares of the construction company’s stock valued at $23,508,000 after buying an additional 15,877 shares during the last quarter. Hedge funds and other institutional investors own 73.23% of the company’s stock.
Shares of MasTec, Inc. (NYSE:MTZ) remained flat at $$44.85 during mid-day trading on Monday. 1,090,900 shares of the company traded hands, compared to its average volume of 886,990. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74. MasTec, Inc. has a 12 month low of $34.33 and a 12 month high of $49.50. The firm has a market capitalization of $3,711.81, a P/E ratio of 14.90, a P/E/G ratio of 1.21 and a beta of 1.53.
MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.09. MasTec had a return on equity of 20.67% and a net margin of 3.78%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business earned $0.81 EPS. The firm’s revenue was up 23.3% compared to the same quarter last year. sell-side analysts predict that MasTec, Inc. will post 2.65 EPS for the current year.
Several brokerages have recently issued reports on MTZ. Citigroup upgraded MasTec from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a report on Friday, August 18th. Robert W. Baird upgraded MasTec from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $51.00 to $53.00 in a report on Monday, November 6th. KeyCorp reiterated a “buy” rating and set a $51.00 price target on shares of MasTec in a report on Tuesday, September 19th. ValuEngine lowered MasTec from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, FBR & Co lifted their price target on MasTec from $57.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.14.
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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