MasTec (NYSE:MTZ) Given New $153.00 Price Target at Robert W. Baird

MasTec (NYSE:MTZ) had its price target increased by Robert W. Baird from $120.00 to $153.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Several other analysts have also recently issued reports on MTZ. Citigroup raised their target price on MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. began coverage on MasTec in a research note on Monday, October 7th. They set an “overweight” rating and a $153.00 target price on the stock. Stifel Nicolaus raised their price target on MasTec from $121.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. B. Riley boosted their price objective on shares of MasTec from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, DA Davidson raised their target price on shares of MasTec from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.15.

MasTec Trading Up 3.7 %

MTZ traded up $4.88 during trading on Monday, hitting $137.49. 134,816 shares of the stock traded hands, compared to its average volume of 849,727. The firm has a 50-day moving average of $119.64 and a 200 day moving average of $110.38. MasTec has a 12-month low of $46.70 and a 12-month high of $139.39. The firm has a market capitalization of $10.89 billion, a P/E ratio of 123.23 and a beta of 1.70. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

Insider Buying and Selling at MasTec

In related news, COO Robert E. Apple sold 800 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $130.04, for a total value of $104,032.00. Following the completion of the transaction, the chief operating officer now owns 216,402 shares of the company’s stock, valued at approximately $28,140,916.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Robert E. Apple sold 800 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $130.04, for a total transaction of $104,032.00. Following the transaction, the chief operating officer now directly owns 216,402 shares of the company’s stock, valued at approximately $28,140,916.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert E. Apple sold 20,000 shares of MasTec stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $126.27, for a total value of $2,525,400.00. Following the completion of the sale, the chief operating officer now owns 217,202 shares of the company’s stock, valued at $27,426,096.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,800 shares of company stock valued at $2,978,212 in the last three months. 21.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MasTec

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC acquired a new position in shares of MasTec in the 1st quarter valued at $785,000. Swedbank AB acquired a new stake in shares of MasTec during the 1st quarter worth about $5,287,000. Interval Partners LP purchased a new stake in shares of MasTec in the 1st quarter valued at approximately $4,230,000. Boston Partners acquired a new position in MasTec during the 1st quarter worth about $748,000. Finally, Texas Permanent School Fund Corp boosted its position in MasTec by 8.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 57,522 shares of the construction company’s stock valued at $6,154,000 after buying an additional 4,716 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

About MasTec

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.