Brandywine Global Investment Management LLC grew its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 6.7% in the fourth quarter, Holdings Channel reports. The fund owned 296,968 shares of the construction company’s stock after purchasing an additional 18,538 shares during the period. Brandywine Global Investment Management LLC’s holdings in MasTec were worth $14,537,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Caxton Associates LP boosted its position in shares of MasTec by 262.6% during the 4th quarter. Caxton Associates LP now owns 507,605 shares of the construction company’s stock valued at $24,847,000 after acquiring an additional 367,605 shares during the last quarter. Advisor Group Inc. boosted its position in shares of MasTec by 44.5% during the 4th quarter. Advisor Group Inc. now owns 16,678 shares of the construction company’s stock valued at $816,000 after acquiring an additional 5,135 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of MasTec during the 4th quarter valued at about $959,000. Driehaus Capital Management LLC bought a new stake in shares of MasTec during the 4th quarter valued at about $2,463,000. Finally, Renaissance Technologies LLC boosted its position in shares of MasTec by 254.4% during the 4th quarter. Renaissance Technologies LLC now owns 661,000 shares of the construction company’s stock valued at $32,356,000 after acquiring an additional 474,500 shares during the last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock.
MasTec, Inc. (NYSE:MTZ) opened at $51.50 on Monday. The firm has a market capitalization of $4,270.00, a PE ratio of 18.66, a P/E/G ratio of 1.09 and a beta of 1.48. The company has a current ratio of 1.92, a quick ratio of 1.84 and a debt-to-equity ratio of 0.89. MasTec, Inc. has a 1-year low of $36.40 and a 1-year high of $55.53.
In other MasTec news, Director Julia L. Johnson sold 29,607 shares of MasTec stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $51.11, for a total value of $1,513,213.77. Following the transaction, the director now directly owns 72,921 shares of the company’s stock, valued at approximately $3,726,992.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert E. Apple sold 25,000 shares of MasTec stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $55.07, for a total value of $1,376,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,607 shares of company stock worth $4,887,214. 20.30% of the stock is currently owned by insiders.
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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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