Rothschild Asset Management Inc. increased its position in shares of MasTec, Inc. (NYSE:MTZ) by 18.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 943,843 shares of the construction company’s stock after acquiring an additional 147,017 shares during the quarter. Rothschild Asset Management Inc. owned approximately 1.14% of MasTec worth $43,794,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in MasTec by 4.9% during the second 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 during the last quarter. BNP Paribas Arbitrage SA boosted its position in MasTec by 29.1% during the second quarter. BNP Paribas Arbitrage SA now owns 54,836 shares of the construction company’s stock worth $2,476,000 after acquiring an additional 12,345 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in MasTec by 39.4% during the first quarter. Goldman Sachs Group Inc. now owns 144,000 shares of the construction company’s stock worth $5,767,000 after acquiring an additional 40,682 shares during the last quarter. Timpani Capital Management LLC boosted its position in MasTec by 3.3% during the second quarter. Timpani Capital Management LLC now owns 121,662 shares of the construction company’s stock worth $5,493,000 after acquiring an additional 3,909 shares during the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in MasTec during the second quarter worth approximately $19,803,000. Hedge funds and other institutional investors own 73.23% of the company’s stock.
A number of analysts recently issued reports on MTZ shares. Robert W. Baird upgraded shares of MasTec from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $53.00 in a research report on Monday, November 6th. Zacks Investment Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 9th. ValuEngine lowered shares of MasTec from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Deutsche Bank AG upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, September 12th. Finally, Credit Suisse Group raised their target price on shares of MasTec from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. MasTec presently has a consensus rating of “Buy” and an average target price of $55.14.
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MasTec (NYSE:MTZ) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.09. MasTec had a net margin of 3.28% and a return on equity of 20.28%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. equities analysts forecast that MasTec, Inc. will post 2.65 earnings per share for the current fiscal year.
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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