15,863 Shares in MasTec, Inc. $MTZ Acquired by L & S Advisors Inc

L & S Advisors Inc bought a new stake in MasTec, Inc. (NYSE:MTZ) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,863 shares of the construction company’s stock, valued at approximately $3,376,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Qube Research & Technologies Ltd boosted its position in shares of MasTec by 370.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company’s stock valued at $86,384,000 after acquiring an additional 399,007 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of MasTec in the 3rd quarter valued at approximately $50,904,000. Vanguard Group Inc. increased its holdings in shares of MasTec by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,972,293 shares of the construction company’s stock worth $1,017,858,000 after buying an additional 234,594 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of MasTec by 42.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 555,486 shares of the construction company’s stock valued at $94,672,000 after buying an additional 164,722 shares during the period. Finally, Hood River Capital Management LLC lifted its holdings in MasTec by 8.9% in the second quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company’s stock valued at $288,479,000 after acquiring an additional 138,269 shares during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MTZ shares. Robert W. Baird lifted their target price on MasTec from $238.00 to $249.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Cantor Fitzgerald started coverage on shares of MasTec in a research report on Friday, January 23rd. They issued an “overweight” rating and a $274.00 target price on the stock. KeyCorp reaffirmed an “overweight” rating and set a $264.00 target price on shares of MasTec in a research note on Wednesday, January 7th. Barclays boosted their price target on shares of MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, Stifel Nicolaus upped their price objective on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $238.16.

MasTec Trading Down 1.3%

Shares of MTZ stock opened at $264.39 on Thursday. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $276.79. The company has a 50 day moving average price of $236.98 and a 200 day moving average price of $211.48. The stock has a market capitalization of $20.86 billion, a P/E ratio of 62.80 and a beta of 1.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.30 and a current ratio of 1.33.

MasTec 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.