Federated Investors Inc. PA lifted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 44.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 90,224 shares of the construction company’s stock after acquiring an additional 27,749 shares during the period. Federated Investors Inc. PA owned approximately 0.11% of MasTec worth $4,074,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its holdings in shares of MasTec by 0.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,310 shares of the construction company’s stock worth $240,000 after acquiring an additional 30 shares during the period. Comerica Bank lifted its holdings in shares of MasTec by 0.3% during the 2nd quarter. Comerica Bank now owns 27,639 shares of the construction company’s stock worth $1,295,000 after acquiring an additional 88 shares during the period. US Bancorp DE lifted its holdings in shares of MasTec by 0.3% during the 1st quarter. US Bancorp DE now owns 44,625 shares of the construction company’s stock worth $1,788,000 after acquiring an additional 123 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of MasTec by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 53,067 shares of the construction company’s stock worth $2,396,000 after acquiring an additional 139 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of MasTec by 0.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 44,275 shares of the construction company’s stock worth $1,773,000 after acquiring an additional 146 shares during the period. 70.62% of the stock is owned by institutional investors.

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In other news, Director Jose S. Sorzano sold 2,391 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $45.56, for a total value of $108,933.96. Following the completion of the transaction, the director now owns 37,545 shares of the company’s stock, valued at $1,710,550.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 12,000 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $45.00, for a total transaction of $540,000.00. Following the completion of the transaction, the director now directly owns 67,082 shares of the company’s stock, valued at approximately $3,018,690. The disclosure for this sale can be found here. Corporate insiders own 20.30% of the company’s stock.

A number of equities research analysts recently issued reports on MTZ shares. Canaccord Genuity reiterated a “buy” rating and set a $52.00 target price on shares of MasTec in a research report on Monday, May 15th. Vetr upgraded shares of MasTec from a “buy” rating to a “strong-buy” rating and set a $45.42 target price for the company in a research report on Thursday, May 25th. FBR & Co reiterated an “outperform” rating and set a $57.00 target price (up previously from $50.00) on shares of MasTec in a research report on Monday, May 8th. Zacks Investment Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, ValuEngine cut shares of MasTec from a “strong-buy” rating to a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $52.46.

Shares of MasTec, Inc. (MTZ) opened at 41.95 on Monday. The firm has a market cap of $3.39 billion, a PE ratio of 14.79 and a beta of 1.44. The firm has a 50-day moving average of $42.91 and a 200 day moving average of $42.33. MasTec, Inc. has a 52-week low of $26.75 and a 52-week high of $49.50.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.34. MasTec had a net margin of 3.89% and a return on equity of 21.80%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the business posted $0.36 earnings per share. MasTec’s revenue was up 53.4% compared to the same quarter last year. On average, equities analysts predict that MasTec, Inc. will post $2.74 earnings per share for the current year.

About MasTec

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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