MasTec, Inc. (MTZ) Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in MasTec, Inc. (NYSE:MTZ) by 4.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,219,537 shares of the construction company’s stock after purchasing an additional 335,076 shares during the period. Vanguard Group Inc. owned approximately 8.72% of MasTec worth $325,963,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MTZ. BlackRock Inc. increased its position in shares of MasTec by 15,957.0% in the first quarter. BlackRock Inc. now owns 5,192,338 shares of the construction company’s stock worth $207,953,000 after purchasing an additional 5,160,001 shares during the period. Prudential Financial Inc. increased its position in shares of MasTec by 126.7% in the second quarter. Prudential Financial Inc. now owns 1,484,687 shares of the construction company’s stock worth $67,033,000 after purchasing an additional 829,650 shares during the period. Russell Investments Group Ltd. increased its position in shares of MasTec by 180.8% in the second quarter. Russell Investments Group Ltd. now owns 527,362 shares of the construction company’s stock worth $23,810,000 after purchasing an additional 339,573 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of MasTec in the second quarter worth $12,074,000. Finally, 1060 Capital LLC increased its position in shares of MasTec by 81.1% in the second quarter. 1060 Capital LLC now owns 543,428 shares of the construction company’s stock worth $24,536,000 after purchasing an additional 243,428 shares during the period. Institutional investors own 70.62% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “MasTec, Inc. (MTZ) Position Lifted by Vanguard Group Inc.” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://ledgergazette.com/2017/10/09/mastec-inc-mtz-position-lifted-by-vanguard-group-inc.html.

Shares of MasTec, Inc. (MTZ) opened at 45.95 on Monday. MasTec, Inc. has a 1-year low of $27.10 and a 1-year high of $49.50. The company has a 50-day moving average price of $43.05 and a 200 day moving average price of $43.20. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 16.20 and a beta of 1.44.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.34. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.50 billion. MasTec had a return on equity of 21.80% and a net margin of 3.89%. The company’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. On average, equities research analysts predict that MasTec, Inc. will post $2.74 EPS for the current year.

MTZ has been the topic of a number of recent analyst reports. Deutsche Bank AG upgraded MasTec from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, September 12th. Zacks Investment Research upgraded MasTec from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, August 8th. Vetr cut MasTec from a “buy” rating to a “hold” rating and set a $47.14 price target on the stock. in a research report on Monday, June 12th. ValuEngine cut MasTec from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, FBR & Co raised their price objective on MasTec from $57.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. Three analysts have rated the stock with a hold rating and

Several other hedge funds and other institutional investors also recently modified their holdings of MTZ. BlackRock Inc. increased its position in shares of MasTec by 15,957.0% in the first quarter. BlackRock Inc. now owns 5,192,338 shares of the construction company’s stock worth $207,953,000 after purchasing an additional 5,160,001 shares during the period. Prudential Financial Inc. increased its position in shares of MasTec by 126.7% in the second quarter. Prudential Financial Inc. now owns 1,484,687 shares of the construction company’s stock worth $67,033,000 after purchasing an additional 829,650 shares during the period. Russell Investments Group Ltd. increased its position in shares of MasTec by 180.8% in the second quarter. Russell Investments Group Ltd. now owns 527,362 shares of the construction company’s stock worth $23,810,000 after purchasing an additional 339,573 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of MasTec in the second quarter worth $12,074,000. Finally, 1060 Capital LLC increased its position in shares of MasTec by 81.1% in the second quarter. 1060 Capital LLC now owns 543,428 shares of the construction company’s stock worth $24,536,000 after purchasing an additional 243,428 shares during the period. Institutional investors own 70.62% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “MasTec, Inc. (MTZ) Position Lifted by Vanguard Group Inc.” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://ledgergazette.com/2017/10/09/mastec-inc-mtz-position-lifted-by-vanguard-group-inc.html.

Shares of MasTec, Inc. (MTZ) opened at 45.95 on Monday. MasTec, Inc. has a 1-year low of $27.10 and a 1-year high of $49.50. The company has a 50-day moving average price of $43.05 and a 200 day moving average price of $43.20. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 16.20 and a beta of 1.44.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.34. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.50 billion. MasTec had a return on equity of 21.80% and a net margin of 3.89%. The company’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. On average, equities research analysts predict that MasTec, Inc. will post $2.74 EPS for the current year.

MTZ has been the topic of a number of recent analyst reports. Deutsche Bank AG upgraded MasTec from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, September 12th. Zacks Investment Research upgraded MasTec from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, August 8th. Vetr cut MasTec from a “buy” rating to a “hold” rating and set a $47.14 price target on the stock. in a research report on Monday, June 12th. ValuEngine cut MasTec from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, FBR & Co raised their price objective on MasTec from $57.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.36.

MasTec Profile

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.

Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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