Kingswood Wealth Advisors LLC Has $3.88 Million Holdings in MasTec, Inc. (NYSE:MTZ)

Kingswood Wealth Advisors LLC grew its stake in shares of MasTec, Inc. (NYSE:MTZ) by 45.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 28,498 shares of the construction company’s stock after buying an additional 8,948 shares during the period. Kingswood Wealth Advisors LLC’s holdings in MasTec were worth $3,880,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTZ. Atom Investors LP lifted its position in shares of MasTec by 979.0% during the 3rd quarter. Atom Investors LP now owns 61,018 shares of the construction company’s stock worth $7,511,000 after buying an additional 55,363 shares during the period. State Street Corp lifted its holdings in MasTec by 1.4% during the 3rd quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock worth $224,530,000 after buying an additional 24,522 shares in the last quarter. Makena Capital Management LLC grew its holdings in MasTec by 41.4% during the 3rd quarter. Makena Capital Management LLC now owns 87,146 shares of the construction company’s stock worth $10,728,000 after acquiring an additional 25,532 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in MasTec in the third quarter valued at about $1,470,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MasTec by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company’s stock worth $77,592,000 after purchasing an additional 7,469 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Insider Activity at MasTec

In related news, COO Robert E. Apple sold 19,023 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $135.63, for a total transaction of $2,580,089.49. Following the transaction, the chief operating officer now directly owns 197,202 shares in the company, valued at approximately $26,746,507.26. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the sale, the director now owns 42,478 shares of the company’s stock, valued at approximately $6,159,310. This trade represents a 6.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,023 shares of company stock valued at $4,515,089. 21.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on MTZ shares. UBS Group raised their price objective on MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. TD Cowen boosted their price target on shares of MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Craig Hallum lifted their target price on shares of MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Guggenheim assumed coverage on MasTec in a report on Wednesday, January 8th. They set a “buy” rating and a $195.00 price target for the company. Finally, Robert W. Baird boosted their price objective on MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.21.

MasTec Stock Down 0.4 %

MasTec stock opened at $159.50 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average price is $143.34 and its two-hundred day moving average price is $126.45. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 142.41 and a beta of 1.74. MasTec, Inc. has a 1-year low of $63.97 and a 1-year high of $166.95.

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.