Vestor Capital LLC Invests $97,000 in MasTec, Inc. (NYSE:MTZ)

Vestor Capital LLC bought a new position in shares of MasTec, Inc. (NYSE:MTZGet Rating) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,108 shares of the construction company’s stock, valued at approximately $97,000.

Other institutional investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its position in shares of MasTec by 550.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 2,301 shares of the construction company’s stock worth $200,000 after purchasing an additional 1,947 shares during the period. UMB Bank N A MO acquired a new position in shares of MasTec during the fourth quarter worth approximately $30,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MasTec by 9.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,416 shares of the construction company’s stock worth $1,792,000 after purchasing an additional 1,631 shares during the period. State Board of Administration of Florida Retirement System raised its position in MasTec by 5.6% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 30,435 shares of the construction company’s stock valued at $2,809,000 after buying an additional 1,615 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in MasTec by 19.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 443,586 shares of the construction company’s stock valued at $40,934,000 after buying an additional 71,731 shares during the last quarter. 68.44% of the stock is owned by institutional investors and hedge funds.

MasTec Stock Performance

Shares of MTZ stock traded up $1.05 on Friday, hitting $81.29. 788,904 shares of the stock were exchanged, compared to its average volume of 749,631. The company has a current ratio of 1.49, a quick ratio of 1.44 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $6.17 billion, a PE ratio of 35.81 and a beta of 1.28. MasTec, Inc. has a one year low of $62.64 and a one year high of $104.21. The firm’s 50 day moving average is $75.70 and its two-hundred day moving average is $80.17.

MasTec (NYSE:MTZGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.24 billion. MasTec had a return on equity of 10.86% and a net margin of 1.99%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 EPS. Sell-side analysts expect that MasTec, Inc. will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MTZ shares. Credit Suisse Group lowered their price target on MasTec from $103.00 to $102.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. UBS Group lowered their price target on MasTec from $116.00 to $100.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. B. Riley lowered their price target on MasTec from $120.00 to $104.00 in a research report on Friday, May 6th. DA Davidson lowered their price target on MasTec from $120.00 to $105.00 in a research report on Monday, May 9th. Finally, Robert W. Baird lowered their price target on MasTec from $100.00 to $96.00 in a research report on Monday, May 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.73.

MasTec Company Profile

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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 Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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