Swiss National Bank Has $16.19 Million Stake in MasTec, Inc. (NYSE:MTZ)

Swiss National Bank increased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,200 shares of the construction company’s stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank’s holdings in MasTec were worth $16,185,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in MasTec by 92.5% during the second quarter. First Horizon Advisors Inc. now owns 256 shares of the construction company’s stock worth $30,000 after purchasing an additional 123 shares during the last quarter. Covestor Ltd raised its position in MasTec by 40.1% during the first quarter. Covestor Ltd now owns 507 shares of the construction company’s stock worth $44,000 after acquiring an additional 145 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in MasTec during the first quarter worth $52,000. Lazard Asset Management LLC bought a new stake in MasTec during the first quarter worth $53,000. Finally, Geneos Wealth Management Inc. raised its position in MasTec by 30.5% during the second quarter. Geneos Wealth Management Inc. now owns 535 shares of the construction company’s stock worth $63,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.

Insiders Place Their Bets

In other MasTec news, CAO Timothy Michael Love sold 1,095 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $71.46, for a total transaction of $78,248.70. Following the sale, the chief accounting officer now directly owns 10,525 shares in the company, valued at $752,116.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other MasTec news, CAO Timothy Michael Love sold 1,095 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $71.46, for a total transaction of $78,248.70. Following the sale, the chief accounting officer now directly owns 10,525 shares in the company, valued at $752,116.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Paul Dimarco sold 1,332 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $71.35, for a total transaction of $95,038.20. Following the sale, the chief financial officer now owns 16,620 shares in the company, valued at $1,185,837. The disclosure for this sale can be found here. Corporate insiders own 21.30% of the company’s stock.

MasTec Trading Up 3.0 %

MTZ stock opened at $54.95 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.39 and a current ratio of 1.44. The company’s 50-day simple moving average is $65.58 and its 200 day simple moving average is $90.91. MasTec, Inc. has a 52 week low of $44.65 and a 52 week high of $123.33. The company has a market capitalization of $4.33 billion, a PE ratio of -87.22 and a beta of 1.56.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.96). MasTec had a negative net margin of 0.40% and a positive return on equity of 5.86%. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.83 billion. As a group, sell-side analysts anticipate that MasTec, Inc. will post 2.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group dropped their price target on shares of MasTec from $119.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, October 12th. Barclays dropped their price target on shares of MasTec from $106.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Robert W. Baird dropped their price target on shares of MasTec from $125.00 to $116.00 in a research report on Monday, August 7th. TD Cowen dropped their price objective on shares of MasTec from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, August 7th. Finally, StockNews.com started coverage on shares of MasTec in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, MasTec presently has an average rating of “Moderate Buy” and a consensus target price of $101.46.

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.