Ausbil Investment Management Ltd Sells 1,473 Shares of MasTec, Inc. (NYSE:MTZ)

Ausbil Investment Management Ltd decreased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 26.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,123 shares of the construction company’s stock after selling 1,473 shares during the period. Ausbil Investment Management Ltd’s holdings in MasTec were worth $605,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC grew its holdings in shares of MasTec by 45.8% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company’s stock valued at $3,880,000 after acquiring an additional 8,948 shares in the last quarter. Atom Investors LP boosted its position in MasTec by 979.0% during the third quarter. Atom Investors LP now owns 61,018 shares of the construction company’s stock valued at $7,511,000 after purchasing an additional 55,363 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in MasTec by 286.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 13,241 shares in the last quarter. State Street Corp increased its position in shares of MasTec by 1.4% during 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 during the last quarter. Finally, Makena Capital Management LLC raised its stake in shares of MasTec by 41.4% during the 3rd quarter. Makena Capital Management LLC now owns 87,146 shares of the construction company’s stock worth $10,728,000 after purchasing an additional 25,532 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MTZ shares. Citigroup upped their price target on shares of MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. B. Riley reaffirmed a “buy” rating and issued a $166.00 target price (up from $151.00) on shares of MasTec in a report on Tuesday, November 5th. KeyCorp lifted their price target on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. The Goldman Sachs Group upped their price objective on MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird boosted their target price on MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and a consensus target price of $158.57.

MasTec Trading Down 1.1 %

Shares of MasTec stock opened at $145.33 on Friday. The firm has a 50-day moving average of $143.18 and a 200-day moving average of $127.35. The stock has a market cap of $11.52 billion, a PE ratio of 129.76 and a beta of 1.74. MasTec, Inc. has a 52-week low of $65.67 and a 52-week high of $166.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, the director now owns 42,478 shares in the company, valued at $6,159,310. This trade represents a 6.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total value of $1,500,000.00. Following the sale, the chief operating officer now owns 187,202 shares of the company’s stock, valued at approximately $28,080,300. The trade was a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.30% of the company’s stock.

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.