MasTec, Inc. (NYSE:MTZ) COO Robert E. Apple Sells 10,000 Shares

MasTec, Inc. (NYSE:MTZ) COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total transaction 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 $28,080,300. This trade represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

MasTec Price Performance

Shares of NYSE:MTZ opened at $144.06 on Friday. 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, Inc. has a 52 week low of $57.38 and a 52 week high of $150.12. The firm has a market cap of $11.42 billion, a PE ratio of 128.63 and a beta of 1.70. The firm’s fifty day moving average is $131.53 and its 200-day moving average is $116.34.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of MasTec in the 3rd quarter valued at about $25,000. Hobbs Group Advisors LLC acquired a new stake in MasTec during the 2nd quarter valued at approximately $27,000. GAMMA Investing LLC raised its holdings in MasTec by 64.9% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock worth $39,000 after purchasing an additional 144 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in MasTec during the 2nd quarter worth approximately $40,000. Finally, UMB Bank n.a. lifted its position in shares of MasTec by 46.3% in the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after purchasing an additional 120 shares during the period. 78.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

MTZ has been the topic of several recent analyst reports. Citigroup lifted their price target on MasTec from $122.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial upgraded MasTec from a “hold” rating to a “buy” rating and lifted their target price for the company from $133.00 to $173.00 in a research report on Tuesday, November 5th. TD Cowen boosted their target price on MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Craig Hallum raised 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. Finally, Robert W. Baird upped their price objective on shares of MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

MasTec Company 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.