Sentinus LLC Purchases Shares of 1,529 MasTec, Inc. (NYSE:MTZ)

Sentinus LLC purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,529 shares of the construction company’s stock, valued at approximately $208,000.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of MasTec by 642.7% in the third quarter. Barclays PLC now owns 242,066 shares of the construction company’s stock valued at $29,797,000 after buying an additional 209,472 shares during the period. Ritholtz Wealth Management bought a new stake in shares of MasTec in the fourth quarter valued at about $240,000. Merit Financial Group LLC bought a new stake in shares of MasTec in the fourth quarter valued at about $415,000. KRS Capital Management LLC bought a new stake in shares of MasTec in the fourth quarter valued at about $443,000. Finally, HB Wealth Management LLC bought a new stake in shares of MasTec in the fourth quarter valued at about $232,000. 78.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of MasTec from $143.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. increased their price target on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Barclays increased their price target on shares of MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Robert W. Baird dropped their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Finally, Citigroup increased their price target on shares of MasTec from $152.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.06.

Insider Activity

In related news, Director Ernst N. Csiszar sold 2,517 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $131.63, for a total value of $331,312.71. Following the completion of the transaction, the director now owns 23,000 shares in the company, valued at $3,027,490. The trade was a 9.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the completion of the transaction, the director now owns 39,782 shares of the company’s stock, valued at $6,122,051.98. This trade represents a 7.01% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by corporate insiders.

MasTec Stock Performance

NYSE:MTZ opened at $157.80 on Friday. MasTec, Inc. has a 1 year low of $89.96 and a 1 year high of $166.95. The firm has a 50 day moving average of $126.20 and a 200-day moving average of $134.51. 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 stock has a market capitalization of $12.45 billion, a P/E ratio of 140.89 and a beta of 1.71.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.17. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the company posted ($0.13) earnings per share. MasTec’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal 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.