MasTec, Inc. (MTZ) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its stake in shares of MasTec, Inc. (NYSE:MTZ) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 506,624 shares of the construction company’s stock after buying an additional 15,877 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.61% of MasTec worth $23,508,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MTZ. Vanguard Group Inc. grew its stake in shares of MasTec by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 7,219,537 shares of the construction company’s stock worth $325,963,000 after acquiring an additional 335,076 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of MasTec by 15.3% during the 3rd quarter. Macquarie Group Ltd. now owns 3,046,860 shares of the construction company’s stock worth $141,374,000 after acquiring an additional 404,076 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of MasTec by 126.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,484,687 shares of the construction company’s stock worth $67,033,000 after acquiring an additional 829,650 shares in the last quarter. State Street Corp grew its stake in shares of MasTec by 6.8% during the 2nd quarter. State Street Corp now owns 1,319,541 shares of the construction company’s stock worth $59,578,000 after acquiring an additional 84,002 shares in the last quarter. Finally, Hood River Capital Management LLC grew its stake in shares of MasTec by 3.9% during the 2nd quarter. Hood River Capital Management LLC now owns 1,099,113 shares of the construction company’s stock worth $49,625,000 after acquiring an additional 40,885 shares in the last quarter. Hedge funds and other institutional investors own 73.23% of the company’s stock.

MasTec, Inc. (NYSE MTZ) opened at $46.20 on Friday. MasTec, Inc. has a 52 week low of $34.33 and a 52 week high of $49.50. The company has a quick ratio of 1.66, a current ratio of 1.74 and a debt-to-equity ratio of 0.92. The firm has a market cap of $3,753.19, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.22 and a beta of 1.53.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, November 2nd. The construction company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.09. MasTec had a net margin of 3.78% and a return on equity of 20.67%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business earned $0.81 earnings per share. The firm’s revenue was up 23.3% on a year-over-year basis. research analysts anticipate that MasTec, Inc. will post 2.65 EPS for the current fiscal year.

MTZ has been the subject of several research reports. Robert W. Baird raised shares of MasTec from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $51.00 to $53.00 in a research note on Monday, November 6th. Zacks Investment Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 9th. ValuEngine cut shares of MasTec from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Deutsche Bank raised shares of MasTec from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday, September 12th. Finally, Barclays initiated coverage on shares of MasTec in a research note on Tuesday. They set an “overweight” rating and a $54.00 price target for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.05.

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MasTec Company Profile

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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