Swiss National Bank Buys 400 Shares of MasTec, Inc. (NYSE:MTZ)

Swiss National Bank grew its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,600 shares of the construction company’s stock after acquiring an additional 400 shares during the quarter. Swiss National Bank’s holdings in MasTec were worth $16,963,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Avantax Advisory Services Inc. bought a new stake in shares of MasTec during the 4th quarter valued at about $490,000. EverSource Wealth Advisors LLC boosted its position in shares of MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of MasTec during the 4th quarter valued at about $4,793,000. Daiwa Securities Group Inc. boosted its position in shares of MasTec by 8.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 70,500 shares of the construction company’s stock valued at $9,598,000 after acquiring an additional 5,200 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MasTec by 7.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 120,129 shares of the construction company’s stock valued at $16,354,000 after acquiring an additional 8,455 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

MTZ opened at $121.49 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec, Inc. has a 52-week low of $82.29 and a 52-week high of $166.95. The stock has a market capitalization of $9.63 billion, a PE ratio of 108.48 and a beta of 1.74. The stock’s 50 day moving average price is $136.79 and its 200-day moving average price is $132.49.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.08. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.32 billion. On average, equities research analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of research analyst reports. Citigroup lifted their price target on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. KeyCorp raised their price objective on MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price objective on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Barclays raised their price objective on MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Finally, Truist Financial raised their price objective on MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $160.14.

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.