Vestor Capital LLC Lowers Stock Position in MasTec, Inc. (NYSE:MTZ)

Vestor Capital LLC trimmed its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 52.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 526 shares of the construction company’s stock after selling 582 shares during the quarter. Vestor Capital LLC’s holdings in MasTec were worth $158,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MTZ. First Horizon Advisors Inc. boosted its position in MasTec by 92.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 256 shares of the construction company’s stock valued at $30,000 after acquiring an additional 123 shares in the last quarter. Covestor Ltd boosted its position in MasTec by 40.1% during the first quarter. Covestor Ltd now owns 507 shares of the construction company’s stock valued at $44,000 after purchasing an additional 145 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in MasTec by 30.5% in the second quarter. Geneos Wealth Management Inc. now owns 535 shares of the construction company’s stock valued at $63,000 after purchasing an additional 125 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in MasTec in the first quarter valued at about $52,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of MasTec during the first quarter valued at about $53,000. Institutional investors own 72.90% of the company’s stock.

MasTec Trading Up 5.2 %

Shares of NYSE:MTZ opened at $51.67 on Wednesday. MasTec, Inc. has a twelve month low of $44.65 and a twelve month high of $123.33. The company has a current ratio of 1.44, a quick ratio of 1.39 and a debt-to-equity ratio of 1.12. The company’s 50 day moving average is $67.93 and its 200 day moving average is $91.63.

Insider Activity

In related news, CFO Paul Dimarco sold 1,332 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $71.35, for a total transaction of $95,038.20. Following the completion of the transaction, the chief financial officer now owns 16,620 shares of the company’s stock, valued at $1,185,837. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other MasTec news, CFO Paul Dimarco sold 1,332 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $71.35, for a total value of $95,038.20. Following the sale, the chief financial officer now directly owns 16,620 shares of the company’s stock, valued at $1,185,837. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Timothy Michael Love sold 1,095 shares of MasTec stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $71.46, for a total value of $78,248.70. Following the transaction, the chief accounting officer now owns 10,525 shares of the company’s stock, valued at approximately $752,116.50. The disclosure for this sale can be found here. Insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MTZ shares. Barclays reduced their price objective on shares of MasTec from $106.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Credit Suisse Group boosted their target price on MasTec from $118.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. UBS Group lowered their price target on MasTec from $119.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, October 12th. Robert W. Baird cut their price objective on shares of MasTec from $125.00 to $116.00 in a report on Monday, August 7th. Finally, B. Riley decreased their price objective on shares of MasTec from $138.00 to $129.00 in a research report on Monday, August 7th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.08.

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.