Harvest Fund Management Co. Ltd Boosts Holdings in MasTec, Inc. (NYSE:MTZ)

Harvest Fund Management Co. Ltd lifted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 238.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,156 shares of the construction company’s stock after buying an additional 5,743 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in MasTec were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new position in shares of MasTec during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of MasTec by 181.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in MasTec in the third quarter worth $25,000. Smartleaf Asset Management LLC raised its holdings in MasTec by 93.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock worth $36,000 after purchasing an additional 128 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in MasTec by 162.4% during the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock valued at $42,000 after buying an additional 190 shares during the period. 78.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on MTZ shares. Citigroup upped their target price on shares of MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. B. Riley restated a “buy” rating and issued a $165.00 price objective (up previously from $151.00) on shares of MasTec in a report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Robert W. Baird dropped their price target on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Finally, Barclays raised their price objective on MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.07.

MasTec Price Performance

NYSE MTZ opened at $125.97 on Thursday. MasTec, Inc. has a one year low of $82.29 and a one year high of $166.95. The stock has a 50-day moving average of $136.38 and a 200 day moving average of $132.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 112.47 and a beta of 1.74.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. On average, sell-side analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

MasTec Company 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.