Fielder Capital Group LLC Grows Position in MasTec, Inc. (NYSE:MTZ)

Fielder Capital Group LLC increased its position in shares of MasTec, Inc. (NYSE:MTZ) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,816 shares of the construction company’s stock after acquiring an additional 105 shares during the period. Fielder Capital Group LLC’s holdings in MasTec were worth $247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTZ. QRG Capital Management Inc. acquired a new stake in shares of MasTec during the 4th quarter worth about $271,000. Versor Investments LP raised its holdings in MasTec by 172.0% during the fourth quarter. Versor Investments LP now owns 10,089 shares of the construction company’s stock worth $1,374,000 after purchasing an additional 6,380 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in MasTec in the fourth quarter valued at about $5,171,000. Illinois Municipal Retirement Fund increased its holdings in MasTec by 16.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 29,674 shares of the construction company’s stock valued at $4,040,000 after acquiring an additional 4,097 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of MasTec by 341.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 114,694 shares of the construction company’s stock valued at $15,614,000 after acquiring an additional 88,741 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Trading Down 4.7 %

Shares of MasTec stock opened at $126.34 on Friday. MasTec, Inc. has a 1 year low of $72.96 and a 1 year high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $10.01 billion, a PE ratio of 112.80 and a beta of 1.73. The firm’s 50 day moving average is $141.84 and its 200 day moving average is $131.31.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. MasTec had a return on equity of 8.27% and a net margin of 0.73%. Equities research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $166.00 target price (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. TD Cowen boosted their target price on shares of MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Guggenheim assumed coverage on shares of MasTec in a research report on Wednesday, January 8th. They set a “buy” rating and a $195.00 price target on the stock. KeyCorp raised their price target on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus increased their price target on MasTec from $155.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.57.

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