TradeLink Capital LLC Invests $295,000 in MasTec, Inc. (NYSE:MTZ)

TradeLink Capital LLC bought a new position in MasTec, Inc. (NYSE:MTZ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,167 shares of the construction company’s stock, valued at approximately $295,000. MasTec accounts for approximately 2.9% of TradeLink Capital LLC’s portfolio, making the stock its 13th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTZ. Capital Performance Advisors LLP purchased a new stake in MasTec in the 3rd quarter worth approximately $95,000. Verdence Capital Advisors LLC purchased a new stake in MasTec in the 3rd quarter worth approximately $203,000. Atria Investments Inc purchased a new stake in MasTec in the 3rd quarter worth approximately $302,000. Crossmark Global Holdings Inc. grew its stake in MasTec by 216.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,673 shares of the construction company’s stock worth $1,437,000 after acquiring an additional 7,984 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in MasTec in the 3rd quarter worth approximately $3,195,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Performance

NYSE:MTZ opened at $115.33 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 102.97 and a beta of 1.74. The firm’s fifty day simple moving average is $140.09 and its 200 day simple moving average is $131.87. MasTec, Inc. has a twelve month low of $82.29 and a twelve month high of $166.95.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.32 billion. As a group, equities research analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Barclays lifted their price target on shares of MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price target on shares of MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Guggenheim began coverage on shares of MasTec in a report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price target on the stock. Finally, Robert W. Baird decreased their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, MasTec currently has an average rating of “Moderate Buy” and a consensus target price of $160.14.

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.