Dana Investment Advisors Inc. Takes Position in MasTec, Inc. (MTZ)
Dana Investment Advisors Inc. purchased a new stake in MasTec, Inc. (NYSE:MTZ) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 51,100 shares of the construction company’s stock, valued at approximately $2,371,000. Dana Investment Advisors Inc. owned about 0.06% of MasTec as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of MasTec by 4.9% in the second quarter. Vanguard Group Inc. now owns 7,219,537 shares of the construction company’s stock valued at $325,963,000 after purchasing an additional 335,076 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of MasTec by 15.3% in the third quarter. Macquarie Group Ltd. now owns 3,046,860 shares of the construction company’s stock valued at $141,374,000 after purchasing an additional 404,076 shares during the last quarter. Prudential Financial Inc. grew its position in shares of MasTec by 126.7% in the second quarter. Prudential Financial Inc. now owns 1,484,687 shares of the construction company’s stock valued at $67,033,000 after purchasing an additional 829,650 shares during the last quarter. State Street Corp grew its position in shares of MasTec by 6.8% in the second quarter. State Street Corp now owns 1,319,541 shares of the construction company’s stock valued at $59,578,000 after purchasing an additional 84,002 shares during the last quarter. Finally, Hood River Capital Management LLC grew its position in MasTec by 3.9% during the second quarter. Hood River Capital Management LLC now owns 1,099,113 shares of the construction company’s stock worth $49,625,000 after buying an additional 40,885 shares in the last quarter. 73.23% of the stock is currently owned by institutional investors.
MasTec, Inc. (NYSE:MTZ) traded down $1.30 during trading hours on Friday, hitting $45.35. 1,336,500 shares of the stock were exchanged, compared to its average volume of 902,100. MasTec, Inc. has a 52 week low of $34.33 and a 52 week high of $49.50. The company has a quick ratio of 1.66, a current ratio of 1.74 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $3,860.78, a PE ratio of 15.50, a P/E/G ratio of 1.26 and a beta of 1.53.
A number of research firms recently weighed in on MTZ. B. Riley reissued a “buy” rating and set a $67.00 target price (up from $66.00) on shares of MasTec in a research report on Tuesday, November 7th. Citigroup raised MasTec from a “neutral” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Friday, August 18th. Stifel Nicolaus reissued a “buy” rating and set a $55.50 target price on shares of MasTec in a research report on Saturday, August 19th. KeyCorp reissued a “buy” rating and set a $51.00 target price on shares of MasTec in a research report on Tuesday, September 19th. Finally, BidaskClub downgraded MasTec from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. MasTec has an average rating of “Buy” and an average target price of $55.05.
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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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