Fielder Capital Group LLC Increases Holdings in MasTec, Inc. (NYSE:MTZ)

Fielder Capital Group LLC lifted its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,816 shares of the construction company’s stock after purchasing an additional 105 shares during the period. Fielder Capital Group LLC’s holdings in MasTec were worth $247,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Teachers Retirement System lifted its stake in shares of MasTec by 21.7% in the fourth quarter. New York State Teachers Retirement System now owns 32,307 shares of the construction company’s stock worth $4,398,000 after buying an additional 5,750 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of MasTec by 45.8% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company’s stock valued at $3,880,000 after buying an additional 8,948 shares in the last quarter. Atom Investors LP boosted its stake in shares of MasTec by 979.0% in the third quarter. Atom Investors LP now owns 61,018 shares of the construction company’s stock worth $7,511,000 after acquiring an additional 55,363 shares during the period. Exchange Traded Concepts LLC raised its position in shares of MasTec by 286.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company’s stock valued at $2,433,000 after buying an additional 13,241 shares during the last quarter. Finally, State Street Corp lifted its stake in MasTec by 1.4% in the 3rd quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock worth $224,530,000 after purchasing an additional 24,522 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MTZ shares. Robert W. Baird upped their target price on shares of MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. B. Riley reaffirmed a “buy” rating and set a $166.00 price target (up previously from $151.00) on shares of MasTec in a research note on Tuesday, November 5th. Stifel Nicolaus boosted their price target on shares of MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. KeyCorp upped their price objective on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Guggenheim started coverage on MasTec in a research report on Wednesday, January 8th. They set a “buy” rating and a $195.00 price target on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.57.

MasTec Stock Down 4.7 %

MTZ stock opened at $126.34 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. MasTec, Inc. has a twelve month low of $72.96 and a twelve month high of $166.95. The stock has a market cap of $10.01 billion, a P/E ratio of 112.80 and a beta of 1.73. The company’s 50 day moving average is $141.84 and its two-hundred day moving average is $131.31.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.08. MasTec had a return on equity of 8.27% and a net margin of 0.73%. Research analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

MasTec Profile

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