Gables Capital Management Inc. raised its position in shares of MasTec, Inc. (NYSE:MTZ) by 14.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,425 shares of the construction company’s stock after buying an additional 2,300 shares during the quarter. Gables Capital Management Inc.’s holdings in MasTec were worth $823,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in shares of MasTec by 12.8% in the 1st quarter. UBS Group AG now owns 53,009 shares of the construction company’s stock valued at $2,495,000 after purchasing an additional 6,000 shares during the last quarter. LPL Financial LLC lifted its stake in shares of MasTec by 34.8% in the 1st quarter. LPL Financial LLC now owns 6,266 shares of the construction company’s stock valued at $295,000 after purchasing an additional 1,616 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of MasTec by 15.4% in the 1st quarter. Guggenheim Capital LLC now owns 25,295 shares of the construction company’s stock valued at $1,189,000 after purchasing an additional 3,382 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of MasTec by 5.1% in the 1st quarter. Royal Bank of Canada now owns 193,746 shares of the construction company’s stock valued at $9,116,000 after purchasing an additional 9,487 shares during the last quarter. Finally, Columbia Partners L L C Investment Management lifted its stake in shares of MasTec by 52.5% in the 2nd quarter. Columbia Partners L L C Investment Management now owns 61,555 shares of the construction company’s stock valued at $3,123,000 after purchasing an additional 21,196 shares during the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.
Shares of MTZ stock opened at $48.23 on Wednesday. MasTec, Inc. has a 52-week low of $39.83 and a 52-week high of $55.53. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.94 and a quick ratio of 1.85. The company has a market cap of $3.83 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 1.69 and a beta of 1.43.
MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, November 1st. The construction company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.13. MasTec had a return on equity of 17.01% and a net margin of 5.89%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the company earned $0.82 EPS. MasTec’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts expect that MasTec, Inc. will post 3.53 EPS for the current year.
Several equities research analysts have recently issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and issued a $52.00 price objective on shares of MasTec in a research note on Friday, August 3rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $65.00 price objective on shares of MasTec in a research note on Friday, August 3rd. Zacks Investment Research lowered MasTec from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. ValuEngine raised MasTec from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of MasTec in a research note on Thursday, August 30th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. MasTec currently has an average rating of “Buy” and an average price target of $60.55.
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MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
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