Janney Montgomery Scott LLC boosted its position in shares of MasTec, Inc. (NYSE:MTZ) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,694 shares of the construction company’s stock after buying an additional 1,498 shares during the quarter. Janney Montgomery Scott LLC’s holdings in MasTec were worth $746,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Guggenheim Capital LLC increased its position in MasTec by 62.3% during the fourth quarter. Guggenheim Capital LLC now owns 21,913 shares of the construction company’s stock valued at $1,074,000 after acquiring an additional 8,413 shares during the last quarter. Global X Management Co. LLC increased its position in MasTec by 18.7% during the first quarter. Global X Management Co. LLC now owns 31,882 shares of the construction company’s stock valued at $1,500,000 after acquiring an additional 5,026 shares during the last quarter. Hennessy Advisors Inc. bought a new position in MasTec during the first quarter valued at $3,684,000. Wells Fargo & Company MN increased its position in MasTec by 30.0% during the first quarter. Wells Fargo & Company MN now owns 1,542,215 shares of the construction company’s stock valued at $72,560,000 after acquiring an additional 356,143 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning increased its position in MasTec by 7.8% during the first quarter. Handelsinvest Investeringsforvaltning now owns 194,000 shares of the construction company’s stock valued at $9,128,000 after acquiring an additional 14,000 shares during the last quarter. 82.08% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Cardenas Alberto De sold 10,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $48.00, for a total value of $480,000.00. Following the transaction, the executive vice president now directly owns 101,755 shares in the company, valued at $4,884,240. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 20.10% of the company’s stock.
NYSE MTZ opened at $45.45 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.74 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $3.77 billion, a PE ratio of 16.65, a P/E/G ratio of 0.94 and a beta of 1.56. MasTec, Inc. has a 12 month low of $38.40 and a 12 month high of $55.53.
MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, August 2nd. The construction company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.01. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.79 billion. MasTec had a net margin of 5.05% and a return on equity of 14.84%. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. equities research analysts anticipate that MasTec, Inc. will post 3.56 earnings per share for the current year.
MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
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