Versor Investments LP Has $568,000 Stock Holdings in MasTec, Inc. $MTZ

Versor Investments LP cut its stake in shares of MasTec, Inc. (NYSE:MTZ) by 51.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,667 shares of the construction company’s stock after selling 2,810 shares during the period. Versor Investments LP’s holdings in MasTec were worth $568,000 as of its most recent filing with the SEC.

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

MasTec Stock Up 1.1%

MasTec stock opened at $264.21 on Thursday. The firm has a 50 day moving average price of $232.41 and a two-hundred day moving average price of $208.63. 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, Inc. has a 52-week low of $99.70 and a 52-week high of $276.79. The firm has a market cap of $20.85 billion, a price-to-earnings ratio of 62.76 and a beta of 1.94.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Citigroup upped their target price on MasTec from $248.00 to $284.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Truist Financial upped their price objective on MasTec from $253.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Robert W. Baird lifted their target price on shares of MasTec from $238.00 to $249.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Finally, Guggenheim restated a “neutral” rating and issued a $215.00 price target on shares of MasTec in a research report on Wednesday, October 15th. 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $238.16.

MasTec Company 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.