Kera Capital Partners Inc. Makes New $253,000 Investment in MasTec, Inc. (NYSE:MTZ)

Kera Capital Partners Inc. bought a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,855 shares of the construction company’s stock, valued at approximately $253,000.

A number of other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in MasTec by 12.9% during the second quarter. American Century Companies Inc. now owns 15,557 shares of the construction company’s stock worth $1,664,000 after buying an additional 1,777 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of MasTec during the 2nd quarter worth approximately $40,000. Envestnet Asset Management Inc. raised its holdings in shares of MasTec by 169.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 21,703 shares of the construction company’s stock worth $2,322,000 after purchasing an additional 13,656 shares during the period. Amalgamated Bank lifted its stake in MasTec by 2.8% in the second quarter. Amalgamated Bank now owns 37,771 shares of the construction company’s stock valued at $4,041,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in MasTec by 12.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,170 shares of the construction company’s stock valued at $553,000 after purchasing an additional 582 shares during the period. 78.10% of the stock is currently owned by institutional investors.

MasTec Trading Down 0.0 %

Shares of MasTec stock opened at $155.31 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. MasTec, Inc. has a 1 year low of $60.96 and a 1 year high of $157.32. The firm has a market cap of $12.31 billion, a PE ratio of 138.67 and a beta of 1.74. The company has a 50 day simple moving average of $141.38 and a two-hundred day simple moving average of $124.30.

Insider Transactions at MasTec

In other MasTec news, COO Robert E. Apple sold 19,023 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $135.63, for a total value of $2,580,089.49. Following the completion of the sale, the chief operating officer now owns 197,202 shares of the company’s stock, valued at $26,746,507.26. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, the director now directly owns 42,478 shares in the company, valued at approximately $6,159,310. This represents a 6.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,023 shares of company stock valued at $4,515,089. Insiders own 21.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MTZ shares. UBS Group boosted their target price on MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus upped their price objective on shares of MasTec from $153.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Citigroup lifted their target price on shares of MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial upped their price target on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Robert W. Baird lifted their price objective on shares of MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, MasTec presently has an average rating of “Moderate Buy” and a consensus target price of $155.07.

MasTec Company 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.