Bouvel Investment Partners LLC Buys 494 Shares of MasTec, Inc. (NYSE:MTZ)

Bouvel Investment Partners LLC increased its stake in shares of MasTec, Inc. (NYSE:MTZ) by 2.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,999 shares of the construction company’s stock after acquiring an additional 494 shares during the period. Bouvel Investment Partners LLC’s holdings in MasTec were worth $1,865,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in MasTec by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,970,130 shares of the construction company’s stock valued at $429,670,000 after buying an additional 33,592 shares during the period. Nordea Investment Management AB raised its stake in MasTec by 35.0% in the fourth quarter. Nordea Investment Management AB now owns 3,963,774 shares of the construction company’s stock valued at $297,006,000 after buying an additional 1,027,085 shares during the period. Electron Capital Partners LLC raised its stake in MasTec by 16.1% in the fourth quarter. Electron Capital Partners LLC now owns 1,725,209 shares of the construction company’s stock valued at $130,633,000 after buying an additional 238,874 shares during the period. Frontier Capital Management Co. LLC raised its stake in MasTec by 42.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,041,868 shares of the construction company’s stock valued at $78,890,000 after buying an additional 312,991 shares during the period. Finally, Vontobel Holding Ltd. raised its stake in MasTec by 16.2% in the fourth quarter. Vontobel Holding Ltd. now owns 1,036,101 shares of the construction company’s stock valued at $78,454,000 after buying an additional 144,180 shares during the period. Institutional investors own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen upped their price objective on MasTec from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Craig Hallum upped their target price on MasTec from $96.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Citigroup upped their target price on MasTec from $99.00 to $104.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Barclays upped their target price on MasTec from $106.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Finally, The Goldman Sachs Group upped their target price on MasTec from $88.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, MasTec has a consensus rating of “Moderate Buy” and a consensus price target of $116.23.

MasTec Trading Up 0.6 %

Shares of MasTec stock traded up $0.63 during mid-day trading on Friday, hitting $109.89. 9,337 shares of the stock were exchanged, compared to its average volume of 868,087. MasTec, Inc. has a 12 month low of $44.65 and a 12 month high of $123.33. The company has a 50-day simple moving average of $104.40 and a 200 day simple moving average of $86.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.31 and a quick ratio of 1.27.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, May 2nd. The construction company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.33. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.62 billion. MasTec had a negative net margin of 0.09% and a positive return on equity of 6.19%. On average, sell-side analysts forecast that MasTec, Inc. will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MasTec news, Director Javier Alberto Palomarez sold 2,850 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $106.67, for a total transaction of $304,009.50. Following the sale, the director now owns 10,666 shares of the company’s stock, valued at approximately $1,137,742.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Javier Alberto Palomarez sold 2,850 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $106.67, for a total transaction of $304,009.50. Following the completion of the transaction, the director now directly owns 10,666 shares in the company, valued at approximately $1,137,742.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $110.00, for a total transaction of $220,000.00. Following the transaction, the director now owns 50,725 shares of the company’s stock, valued at $5,579,750. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by insiders.

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.