Bouvel Investment Partners LLC Sells 210 Shares of MasTec, Inc. (NYSE:MTZ)

by · The Cerbat Gem

Bouvel Investment Partners LLC reduced its holdings in shares of MasTec, Inc. (NYSE:MTZ – Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,785 shares of the construction company’s stock after selling 210 shares during the quarter. Bouvel Investment Partners LLC’s holdings in MasTec were worth $2,436,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of MasTec by 15,067.0% during the second quarter. Pacer Advisors Inc. now owns 1,365,638 shares of the construction company’s stock worth $146,110,000 after acquiring an additional 1,356,634 shares during the last quarter. Hood River Capital Management LLC increased its position in MasTec by 59.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company’s stock valued at $127,773,000 after buying an additional 446,762 shares in the last quarter. D1 Capital Partners L.P. bought a new position in shares of MasTec in the 2nd quarter worth $79,494,000. Marshall Wace LLP lifted its position in MasTec by 4.3% in the 2nd quarter. Marshall Wace LLP now owns 718,086 shares of the construction company’s stock valued at $76,828,000 after acquiring an additional 29,631 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in MasTec by 6.3% during the third quarter. Vontobel Holding Ltd. now owns 531,393 shares of the construction company’s stock worth $65,414,000 after buying an additional 31,266 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Insider Activity at MasTec

In related news, COO Robert E. Apple sold 20,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $126.27, for a total value of $2,525,400.00. Following the sale, the chief operating officer now directly owns 217,202 shares in the company, valued at $27,426,096.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other MasTec news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total value of $348,780.00. Following the transaction, the director now directly owns 48,173 shares of the company’s stock, valued at $5,600,592.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Robert E. Apple sold 20,000 shares of MasTec stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the completion of the transaction, the chief operating officer now directly owns 217,202 shares in the company, valued at $27,426,096.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,823 shares of company stock valued at $5,558,301 in the last three months. Corporate insiders own 21.30% of the company’s stock.

MasTec Trading Down 0.3 %

Shares of NYSE:MTZ opened at $139.32 on Thursday. The firm has a market capitalization of $11.04 billion, a P/E ratio of 124.39 and a beta of 1.70. The firm has a fifty day moving average of $124.08 and a two-hundred day moving average of $112.91. MasTec, Inc. has a 12-month low of $50.90 and a 12-month high of $147.23. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MTZ shares. Citigroup raised their price objective on shares of MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. UBS Group boosted their price target on shares of MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on MasTec from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. DA Davidson boosted their price target on shares of MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Craig Hallum boosted their price objective on shares of MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.62.

View Our Latest Stock Report on MTZ

MasTec Profile

(Free Report)

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.

See Also

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