MasTec, Inc. (MTZ) Position Decreased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,056 shares of the construction company’s stock after selling 2,818 shares during the quarter. Dana Investment Advisors Inc.’s holdings in MasTec were worth $1,868,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. MinichMacGregor Wealth Management LLC bought a new stake in shares of MasTec during the 4th quarter worth $217,000. Retirement Systems of Alabama bought a new stake in shares of MasTec during the 4th quarter worth $7,453,000. Louisiana State Employees Retirement System bought a new stake in shares of MasTec during the 4th quarter worth $685,000. Skylands Capital LLC lifted its position in shares of MasTec by 111.9% during the 4th quarter. Skylands Capital LLC now owns 96,150 shares of the construction company’s stock worth $3,900,000 after buying an additional 50,768 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of MasTec by 19.3% during the 3rd quarter. Baird Financial Group Inc. now owns 45,616 shares of the construction company’s stock worth $1,998,000 after buying an additional 7,381 shares during the last quarter. Institutional investors and hedge funds own 84.20% of the company’s stock.

MasTec stock opened at $47.65 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 1.41 and a beta of 1.42. MasTec, Inc. has a 12 month low of $37.24 and a 12 month high of $54.70.

Several analysts recently weighed in on MTZ shares. DA Davidson dropped their price objective on MasTec to $57.00 and set a “buy” rating for the company in a research report on Monday, February 4th. ValuEngine upgraded MasTec from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Barclays reiterated a “buy” rating and issued a $57.00 target price on shares of MasTec in a research report on Wednesday. Zacks Investment Research upgraded MasTec from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Friday, January 4th. Finally, B. Riley dropped their target price on MasTec from $71.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.44.

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About MasTec

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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