MasTec, Inc. (NYSE:MTZ) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in MasTec, Inc. (NYSE:MTZ) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,674 shares of the construction company’s stock after purchasing an additional 4,097 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in MasTec were worth $4,040,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MTZ. Pacer Advisors Inc. grew its holdings in shares of MasTec by 65.6% during the third quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company’s stock worth $278,312,000 after buying an additional 895,227 shares during the last quarter. State Street Corp lifted its position in MasTec by 1.4% during the 3rd quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock worth $224,530,000 after acquiring an additional 24,522 shares during the period. Geode Capital Management LLC grew its stake in shares of MasTec by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company’s stock valued at $126,370,000 after purchasing an additional 16,844 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of MasTec by 57.7% in the third quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company’s stock valued at $94,096,000 after purchasing an additional 279,778 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MasTec by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company’s stock worth $77,592,000 after purchasing an additional 7,469 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTZ has been the topic of a number of analyst reports. TD Cowen lifted their price objective on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Truist Financial raised their target price on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price target on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Robert W. Baird raised their price objective on shares of MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus lifted their price objective on MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.57.

MasTec Stock Performance

NYSE MTZ opened at $132.54 on Thursday. The business has a 50 day moving average price of $141.84 and a 200 day moving average price of $131.31. The company has a market capitalization of $10.50 billion, a P/E ratio of 118.34 and a beta of 1.73. MasTec, Inc. has a 1-year low of $72.96 and a 1-year high of $166.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

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.