2,110 Shares in MasTec, Inc. (NYSE:MTZ) Acquired by Cetera Trust Company N.A

Cetera Trust Company N.A bought a new position in MasTec, Inc. (NYSE:MTZ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,110 shares of the construction company’s stock, valued at approximately $160,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in MasTec by 59.4% in the 4th quarter. CWM LLC now owns 837 shares of the construction company’s stock worth $63,000 after purchasing an additional 312 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of MasTec by 16.2% during the fourth quarter. Vontobel Holding Ltd. now owns 1,036,101 shares of the construction company’s stock worth $78,454,000 after buying an additional 144,180 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of MasTec during the fourth quarter worth approximately $1,077,000. Louisiana State Employees Retirement System acquired a new position in shares of MasTec during the fourth quarter worth approximately $1,287,000. Finally, Smith Graham & Co. Investment Advisors LP lifted its holdings in shares of MasTec by 21.3% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 85,158 shares of the construction company’s stock worth $6,448,000 after buying an additional 14,964 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial assumed coverage on MasTec in a report on Thursday, March 14th. They set a “hold” rating and a $96.00 price target for the company. Robert W. Baird upped their price target on MasTec from $70.00 to $89.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. KeyCorp upped their price target on MasTec from $92.00 to $97.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Citigroup upped their price target on MasTec from $99.00 to $104.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays upped their target price on MasTec from $55.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.85.

MasTec Stock Performance

Shares of NYSE:MTZ opened at $83.76 on Tuesday. The business’s fifty day moving average price is $84.67 and its two-hundred day moving average price is $71.66. MasTec, Inc. has a fifty-two week low of $44.65 and a fifty-two week high of $123.33. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of -126.91 and a beta of 1.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.36.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 29th. The construction company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. MasTec had a positive return on equity of 4.82% and a negative net margin of 0.42%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.26 billion. As a group, analysts predict that MasTec, Inc. will post 2.33 EPS for the current fiscal year.

MasTec 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, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.