Retirement Systems of Alabama reduced its position in MasTec, Inc. (NYSE:MTZ) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 181,240 shares of the construction company’s stock after selling 2,524 shares during the period. Retirement Systems of Alabama owned 0.24% of MasTec worth $8,718,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MTZ. Macquarie Group Ltd. raised its position 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 valued at $153,639,000 after purchasing an additional 167,974 shares during the last quarter. MinichMacGregor Wealth Management LLC purchased a new position in MasTec during the 4th quarter worth approximately $217,000. Metropolitan Life Insurance Co. NY raised its position in MasTec by 692.4% during 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. Foresters Investment Management Company Inc. raised its position in MasTec by 22.9% during the 4th quarter. Foresters Investment Management Company Inc. now owns 188,300 shares of the construction company’s stock worth $7,637,000 after buying an additional 35,100 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in MasTec during the 4th quarter worth approximately $685,000. Institutional investors and hedge funds own 87.37% of the company’s stock.

MTZ opened at $51.87 on Monday. MasTec, Inc. has a 12-month low of $37.24 and a 12-month high of $54.70. 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 cap of $3.95 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43.

A number of research firms have issued reports on MTZ. Robert W. Baird raised their price target 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. B. Riley reduced their price target on shares of MasTec from $71.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. Zacks Investment Research raised shares of MasTec from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Friday, January 4th. DA Davidson reduced their price target on shares of MasTec to $57.00 and set a “buy” rating for the company in a research report on Monday, February 4th. Finally, ValuEngine raised shares of MasTec from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus 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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