Coldstream Capital Management Inc. Has $423,000 Stake in MasTec, Inc. (NYSE:MTZ)

Coldstream Capital Management Inc. lifted its stake in MasTec, Inc. (NYSE:MTZ) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,425 shares of the construction company’s stock after acquiring an additional 94 shares during the period. Coldstream Capital Management Inc.’s holdings in MasTec were worth $423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTZ. First Dallas Securities Inc. acquired a new position in MasTec during the 3rd quarter worth $462,000. Geode Capital Management LLC lifted its position in shares of MasTec by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company’s stock worth $126,370,000 after purchasing an additional 16,844 shares during the last quarter. M&T Bank Corp boosted its stake in MasTec by 5.4% during the 3rd quarter. M&T Bank Corp now owns 3,614 shares of the construction company’s stock valued at $445,000 after purchasing an additional 184 shares during the period. Barclays PLC grew its holdings in MasTec by 642.7% in the 3rd quarter. Barclays PLC now owns 242,066 shares of the construction company’s stock valued at $29,797,000 after buying an additional 209,472 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in MasTec by 14.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,457 shares of the construction company’s stock worth $3,380,000 after buying an additional 3,569 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total transaction of $348,780.00. Following the completion of the transaction, the director now directly owns 48,173 shares of the company’s stock, valued at $5,600,592.98. This trade represents a 5.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold 55,823 shares of company stock worth $7,493,301 in the last 90 days. 21.30% of the stock is owned by company insiders.

MasTec Stock Up 0.3 %

NYSE MTZ opened at $137.78 on Friday. MasTec, Inc. has a 1-year low of $60.96 and a 1-year high of $150.12. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 123.02 and a beta of 1.72. The stock’s 50 day moving average is $134.53 and its two-hundred day moving average is $118.49. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MTZ shares. JPMorgan Chase & Co. assumed coverage on MasTec in a research report on Monday, October 7th. They issued an “overweight” rating and a $153.00 price objective for the company. UBS Group increased their price target on shares of MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. KeyCorp boosted their price objective on shares of MasTec from $123.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Stifel Nicolaus increased their target price on shares of MasTec from $153.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen boosted their price target on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, MasTec presently has an average rating of “Moderate Buy” and a consensus target price of $149.00.

About MasTec

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.