Osaic Holdings Inc. Has $5.13 Million Stock Holdings in MasTec, Inc. $MTZ

Osaic Holdings Inc. lifted its stake in MasTec, Inc. (NYSE:MTZ) by 71.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,118 shares of the construction company’s stock after acquiring an additional 12,567 shares during the quarter. Osaic Holdings Inc.’s holdings in MasTec were worth $5,132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parkside Financial Bank & Trust grew its stake in MasTec by 253.7% in the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after purchasing an additional 137 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of MasTec in the 2nd quarter valued at approximately $35,000. Evelyn Partners Asset Management Ltd acquired a new stake in shares of MasTec in the 2nd quarter valued at approximately $43,000. Farther Finance Advisors LLC grew its stake in shares of MasTec by 228.6% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the construction company’s stock valued at $47,000 after buying an additional 192 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in MasTec during the second quarter worth $49,000. Institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In other MasTec news, CAO Timothy Michael Love sold 1,929 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $206.15, for a total value of $397,663.35. Following the transaction, the chief accounting officer directly owned 9,757 shares of the company’s stock, valued at $2,011,405.55. This represents a 16.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director C Robert Campbell sold 2,000 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $210.39, for a total value of $420,780.00. Following the transaction, the director owned 33,277 shares in the company, valued at $7,001,148.03. The trade was a 5.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 21.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on MTZ shares. Wolfe Research upgraded shares of MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research note on Wednesday, September 17th. JPMorgan Chase & Co. raised their target price on shares of MasTec from $214.00 to $235.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Robert W. Baird lifted their price target on MasTec from $238.00 to $249.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Roth Capital upped their price objective on MasTec from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, KeyCorp raised their price objective on MasTec from $236.00 to $246.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $232.06.

MasTec Trading Up 0.2%

Shares of NYSE:MTZ opened at $225.01 on Wednesday. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $233.14. The business has a 50 day moving average of $208.46 and a 200-day moving average of $191.93. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.69. The stock has a market cap of $17.75 billion, a PE ratio of 53.45 and a beta of 1.94.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.