Argent Capital Management LLC Acquires 31,675 Shares of MasTec, Inc. (MTZ)

Argent Capital Management LLC increased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 33.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,375 shares of the construction company’s stock after acquiring an additional 31,675 shares during the period. Argent Capital Management LLC owned about 0.15% of MasTec worth $5,706,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas boosted its position in shares of MasTec by 0.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,310 shares of the construction company’s stock valued at $240,000 after acquiring an additional 30 shares in the last quarter. Comerica Bank boosted its position in shares of MasTec by 0.3% during the 2nd quarter. Comerica Bank now owns 27,639 shares of the construction company’s stock valued at $1,295,000 after acquiring an additional 88 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of MasTec by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 53,067 shares of the construction company’s stock valued at $2,396,000 after acquiring an additional 139 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of MasTec by 0.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 44,275 shares of the construction company’s stock valued at $1,773,000 after acquiring an additional 146 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of MasTec by 7.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,681 shares of the construction company’s stock valued at $107,000 after acquiring an additional 197 shares in the last quarter. Institutional investors and hedge funds own 70.62% of the company’s stock.

Shares of MasTec, Inc. (NYSE:MTZ) remained flat at $45.95 during trading on Friday. The stock had a trading volume of 793,341 shares. The stock has a market cap of $3.72 billion, a PE ratio of 16.20 and a beta of 1.45. The company has a 50-day moving average price of $43.05 and a 200-day moving average price of $43.20. MasTec, Inc. has a 52 week low of $27.10 and a 52 week high of $49.50.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.34. MasTec had a net margin of 3.89% and a return on equity of 21.80%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company posted $0.36 EPS. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. On average, equities analysts forecast that MasTec, Inc. will post $2.74 earnings per share for the current year.

MTZ has been the topic of several recent research reports. Deutsche Bank AG upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, September 12th. Credit Suisse Group raised shares of MasTec from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $46.00 to $55.00 in a report on Monday, July 24th. Vetr downgraded shares of MasTec from a “buy” rating to a “hold” rating and set a $47.14 price target for the company. in a report on Monday, June 12th. Citigroup Inc. raised shares of 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. Finally, ValuEngine downgraded shares of MasTec from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. MasTec presently has an average rating of “Buy” and an average target price of $53.36.

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MasTec Company Profile

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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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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