8,789 Shares in MasTec, Inc. $MTZ Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC bought a new stake in MasTec, Inc. (NYSE:MTZ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,789 shares of the construction company’s stock, valued at approximately $1,870,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. increased its holdings in shares of MasTec by 198.0% during the third quarter. TD Waterhouse Canada Inc. now owns 1,937 shares of the construction company’s stock valued at $416,000 after purchasing an additional 1,287 shares during the period. Bank of New York Mellon Corp grew its position in MasTec by 5.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 582,397 shares of the construction company’s stock valued at $123,940,000 after buying an additional 30,353 shares in the last quarter. Truist Financial Corp increased its stake in MasTec by 7.6% during the 3rd quarter. Truist Financial Corp now owns 2,651 shares of the construction company’s stock valued at $564,000 after buying an additional 188 shares during the period. AGP Franklin LLC acquired a new position in MasTec during the 3rd quarter valued at about $213,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of MasTec by 148.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 718 shares of the construction company’s stock worth $153,000 after buying an additional 429 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Buying and Selling

In other MasTec news, CAO Timothy Michael Love sold 1,929 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $206.15, for a total value of $397,663.35. Following the completion of the transaction, the chief accounting officer directly owned 9,757 shares in the company, valued at $2,011,405.55. This trade represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 21.30% of the company’s stock.

MasTec Stock Performance

Shares of NYSE MTZ opened at $245.13 on Thursday. The stock’s fifty day simple moving average is $223.72 and its 200 day simple moving average is $203.50. The stock has a market capitalization of $19.34 billion, a price-to-earnings ratio of 58.23 and a beta of 1.91. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $250.99.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MTZ shares. KeyCorp reiterated an “overweight” rating and issued a $264.00 price objective on shares of MasTec in a report on Wednesday, January 7th. Jefferies Financial Group increased their price target on MasTec from $218.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. lifted their price target on MasTec from $214.00 to $235.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Stifel Nicolaus upped their price objective on MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, Robert W. Baird lifted their target price on MasTec from $238.00 to $249.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $238.16.

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.