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Main » Koch Industries Inc. Invests $597000 in MasTec (NYSE:MTZ)

Koch Industries Inc. Invests $597000 in MasTec (NYSE:MTZ)

01 April 2018

The Coe Capital Management Llc holds 46,445 shares with $2.27M value, down from 55,285 last quarter. University Of Notre Dame Du Lac who had been investing in Mastec Inc for a number of months, seems to be bullish on the $3.83 billion market cap company. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the construction company's stock valued at $166,000 after buying an additional 1,175 shares during the period.

California State Teachers Retirement System lessened its holdings in shares of MasTec (NYSE:MTZ) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). MasTec, Inc. (NYSE:MTZ) has risen 20.29% since March 31, 2017 and is uptrending. Glenmede Trust Co. NA now owns 1,151,062 shares of the construction company's stock valued at $56,343,000 after acquiring an additional 131,468 shares during the period. The company now has an average rating of "Buy" and a consensus price target of $60.87. The stock increased 2.22% or $0.22 during the last trading session, reaching $10.13. About 144,797 shares traded or 28.80% up from the average. Finally, ValuEngine upgraded MasTec from a "hold" rating to a "buy" rating in a report on Friday, February 2nd.

A number of large investors have recently modified their holdings of the business. Citigroup has "Buy" rating and $68 target. KeyBanc Capital Markets maintained the shares of MTZ in report on Thursday, October 19 with "Buy" rating. The rating was upgraded by Robert W. Baird on Monday, November 6 to "Buy". The stock has an average rating of Buy and a consensus target price of $60.87. The rating was maintained by Canaccord Genuity on Wednesday, August 9 with "Buy". (NYSE:MTZ) for 52,297 shares. On Tuesday, September 1 the stock rating was maintained by FBR Capital with "Outperform". Carmignac Gestion holds 220,000 shares or 0.07% of its portfolio.

Wexford Capital Lp increased Mastec Inc (MTZ) stake by 393.02% reported in 2017Q4 SEC filing. It also increased its holding in Proshares Tr (NOBL) by 11,134 shares in the quarter, for a total of 17,114 shares, and has risen its stake in Las Vegas Sands Corp (NYSE:LVS).

Investors sentiment increased to 1.49 in 2017 Q4. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.92 and a quick ratio of 1.84. It is negative, as 11 investors sold STBZ shares while 39 reduced holdings. Creative Planning has 0% invested in State Bank Financial Corporation (NASDAQ:STBZ). (NYSE:MTZ). State Of New Jersey Common Pension Fund D invested 0.07% in MasTec, Inc. (NASDAQ:AMKR). First Advsrs Lp owns 326,531 shares. Wells Fargo Mn owns 1.19M shares for 0.02% of their portfolio. The company has market cap of $5.89 billion. Federated Pa invested 0.02% of its portfolio in MasTec, Inc. Vantage Investment Limited Liability holds 18,529 shares. Wedge Mgmt L Lp Nc invested in 0% or 9,797 shares. Cypress Cap Limited Liability Corp (Wy), Wyoming-based fund reported 17,145 shares.

NYSE:MTZ opened at $47.05 on Friday. Therefore 87% are positive. MasTec had 28 analyst reports since October 6, 2017 according to SRatingsIntel. The rating was maintained by Credit Suisse on Monday, November 6 with "Outperform". (NYSE:MTZ) has "Buy" rating given on Tuesday, December 12 by Barclays Capital.

MasTec stock opened at $45.95 on Wednesday. The rating was maintained by FBR Capital on Tuesday, September 1 with "Outperform". On Thursday, March 1 the stock rating was downgraded by Robert W. Baird to "Neutral". Citigroup maintained MasTec, Inc. (NYSE:MTZ) rating on Tuesday, August 25. Craig Hallum has "Buy" rating and $69.0 target. The rating was maintained by KeyBanc Capital Markets with "Buy" on Thursday, October 19. On Thursday, March 1 the stock rating was maintained by B. Riley & Co with "Buy".

In related news, COO Robert E. Apple sold 25,000 shares of the stock in a transaction dated Thursday, February 1st. Credit Suisse Group reiterated an outperform rating and issued a $69.00 target price (up from $58.00) on shares of MasTec in a report on Thursday, January 18th.

Since February 1, 2018, it had 0 insider buys, and 4 sales for $4.40 million activity. JOHNSON JULIA L sold $1.51M worth of MasTec, Inc.

Sabre Industries Inc (SABR) investors sentiment increased to 1.47 in 2017 Q4. Its up 0.14, from 0.88 in 2017Q3.

ILLEGAL ACTIVITY NOTICE: "Somewhat Positive Press Coverage Somewhat Unlikely to Affect MasTec (NYSE:MTZ) Share Price" was posted by Macon Daily and is the sole property of of Macon Daily. Fuller And Thaler Asset stated it has 251,100 shares or 0.15% of all its holdings. Nuveen Asset Mngmt Limited Co has invested 0.02% in MasTec, Inc. (NYSE:MTZ). Pier holds 1.32% or 158,167 shares in its portfolio. Point72 Asset Management Limited Partnership has invested 0.24% in MasTec, Inc. Private Harbour Mngmt Counsel Limited Liability Com owns 21,555 shares or 0.91% of their U.S. portfolio. Envestnet Asset Management Inc. now owns 4,479 shares of the construction company's stock worth $209,000 after purchasing an additional 1,807 shares during the period. The Ohio-based Employees Retirement Of Ohio has invested 0.01% in Amkor Technology, Inc. (NYSE:MTZ). Thompson Davis Company Inc accumulated 0.21% or 1,800 shares. CHURCHILL WINSTON J also sold $681,400 worth of Amkor Technology, Inc. Stratos Wealth Prns Limited owns 428 shares. Finally, Sterling Capital Management LLC boosted its position in shares of MasTec by 6.8% in the fourth quarter.