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.
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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