Venturi Wealth Management LLC Has $104,000 Position in MasTec, Inc. (NYSE:MTZ)

Venturi Wealth Management LLC boosted its holdings in MasTec, Inc. (NYSE:MTZ) by 374.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 764 shares of the construction company’s stock after acquiring an additional 603 shares during the period. Venturi Wealth Management LLC’s holdings in MasTec were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MTZ. Wilmington Savings Fund Society FSB bought a new position in shares of MasTec in the third quarter valued at about $25,000. Ameliora Wealth Management Ltd. acquired a new position in MasTec in the 4th quarter valued at about $25,000. R Squared Ltd bought a new position in MasTec in the 4th quarter valued at about $44,000. True Wealth Design LLC acquired a new stake in MasTec during the third quarter worth approximately $57,000. Finally, UMB Bank n.a. grew its position in shares of MasTec by 29.8% in the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company’s stock valued at $67,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Trading Down 4.8 %

Shares of MasTec stock opened at $126.35 on Monday. The firm’s 50 day moving average is $142.25 and its 200 day moving average is $131.03. The firm has a market capitalization of $10.01 billion, a PE ratio of 112.81 and a beta of 1.73. MasTec, Inc. has a 1 year low of $69.80 and a 1 year high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

Insiders Place Their Bets

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief operating officer now directly owns 187,202 shares in the company, valued at approximately $28,080,300. This trade represents a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the sale, the director now owns 42,478 shares in the company, valued at approximately $6,159,310. This trade represents a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

MTZ has been the topic of a number of research reports. Stifel Nicolaus upped their price objective on MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Craig Hallum upped their price target on shares of MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, November 4th. KeyCorp lifted their price objective on shares of MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. B. Riley restated a “buy” rating and set a $166.00 target price (up previously from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Finally, TD Cowen lifted their price target on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, MasTec has a consensus rating of “Moderate Buy” and an average target price of $158.57.

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.