MasTec, Inc. (NYSE:MTZ) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its stake in MasTec, Inc. (NYSE:MTZGet Rating) by 53.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,974 shares of the construction company’s stock after selling 3,423 shares during the quarter. Janney Montgomery Scott LLC’s holdings in MasTec were worth $213,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Yousif Capital Management LLC grew its position in shares of MasTec by 4.0% in the second quarter. Yousif Capital Management LLC now owns 33,167 shares of the construction company’s stock valued at $2,377,000 after purchasing an additional 1,265 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of MasTec by 550.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 2,301 shares of the construction company’s stock valued at $200,000 after purchasing an additional 1,947 shares during the period. New York State Common Retirement Fund grew its position in shares of MasTec by 1.1% in the first quarter. New York State Common Retirement Fund now owns 97,668 shares of the construction company’s stock valued at $8,507,000 after purchasing an additional 1,033 shares during the period. Raymond James & Associates boosted its position in MasTec by 21.3% during the first quarter. Raymond James & Associates now owns 131,663 shares of the construction company’s stock worth $11,468,000 after acquiring an additional 23,088 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd acquired a new position in MasTec during the first quarter worth about $21,730,000. Institutional investors and hedge funds own 71.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MTZ shares. Cowen boosted their price target on shares of MasTec from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. Robert W. Baird boosted their price target on shares of MasTec from $83.00 to $106.00 in a research report on Monday, August 8th. Craig Hallum boosted their price target on shares of MasTec to $97.00 in a research report on Monday, August 15th. Cowen boosted their price target on shares of MasTec from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. Finally, Citigroup boosted their price target on shares of MasTec from $90.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 7th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.80.

MasTec Price Performance

Shares of MTZ stock opened at $91.79 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.57 and a quick ratio of 1.50. The firm’s 50-day moving average is $76.84 and its two-hundred day moving average is $77.32. MasTec, Inc. has a 12 month low of $62.36 and a 12 month high of $102.80. The company has a market capitalization of $7.18 billion, a PE ratio of 64.64 and a beta of 1.36.

MasTec (NYSE:MTZGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The construction company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.54 billion. MasTec had a net margin of 1.24% and a return on equity of 9.21%. Analysts predict that MasTec, Inc. will post 2.79 earnings per share for the current year.

About MasTec

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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 Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments.

Further Reading

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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