Candriam S.C.A. Has $14.75 Million Stock Holdings in MasTec, Inc. $MTZ

Candriam S.C.A. trimmed its position in shares of MasTec, Inc. (NYSE:MTZ) by 57.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,307 shares of the construction company’s stock after selling 95,190 shares during the quarter. Candriam S.C.A.’s holdings in MasTec were worth $14,749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC raised its stake in MasTec by 344.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after buying an additional 93 shares during the period. Caldwell Trust Co bought a new stake in shares of MasTec in the second quarter worth about $29,000. Parkside Financial Bank & Trust increased its holdings in shares of MasTec by 253.7% in the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after acquiring an additional 137 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of MasTec during the second quarter worth about $35,000. Finally, Evelyn Partners Asset Management Ltd bought a new position in shares of MasTec during the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Mizuho set a $254.00 price objective on shares of MasTec in a report on Monday, November 3rd. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, January 25th. Stifel Nicolaus increased their target price on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Cantor Fitzgerald initiated coverage on MasTec in a research note on Friday, January 23rd. They issued an “overweight” rating and a $274.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $238.16.

MasTec Trading Up 1.2%

Shares of NYSE:MTZ opened at $262.30 on Tuesday. MasTec, Inc. has a 52-week low of $99.70 and a 52-week high of $267.94. The company has a market capitalization of $20.70 billion, a P/E ratio of 62.30 and a beta of 1.94. The company has a 50-day simple moving average of $230.52 and a 200 day simple moving average of $207.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.30 and a current ratio of 1.33.

MasTec Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.