MONECO Advisors LLC Sells 195 Shares of MasTec, Inc. (NYSE:MTZ)

MONECO Advisors LLC cut its stake in MasTec, Inc. (NYSE:MTZ) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,448 shares of the construction company’s stock after selling 195 shares during the quarter. MONECO Advisors LLC’s holdings in MasTec were worth $469,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in MasTec during the third quarter worth about $25,000. Ameliora Wealth Management Ltd. bought a new position in MasTec during the fourth quarter worth about $25,000. Global Retirement Partners LLC increased its position in MasTec by 162.4% during the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock worth $42,000 after acquiring an additional 190 shares during the period. R Squared Ltd bought a new position in MasTec during the fourth quarter worth about $44,000. Finally, True Wealth Design LLC bought a new position in MasTec during the third quarter worth about $57,000. 78.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MTZ has been the topic of a number of recent research reports. KeyCorp raised their price target on shares of MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Truist Financial raised their price target on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. TD Cowen raised their price target on shares of MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus boosted their target price on shares of MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Craig Hallum increased their price target on shares of MasTec from $125.00 to $150.00 and gave the stock 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 given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.57.

MasTec Trading Down 0.9 %

Shares of MTZ stock opened at $125.40 on Tuesday. The stock’s fifty day moving average price is $141.96 and its two-hundred day moving average price is $131.15. The company has a market cap of $9.94 billion, a PE ratio of 111.96 and a beta of 1.73. MasTec, Inc. has a fifty-two week low of $69.80 and a fifty-two week high of $166.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

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.