MasTec, Inc. (NYSE:MTZ) Director Julia L. Johnson sold 29,607 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $51.11, for a total value of $1,513,213.77. Following the transaction, the director now owns 72,921 shares of the company’s stock, valued at approximately $3,726,992.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MasTec, Inc. (MTZ) opened at $51.50 on Monday. The company has a market capitalization of $4,270.00, a PE ratio of 18.66, a P/E/G ratio of 1.09 and a beta of 1.48. MasTec, Inc. has a 12-month low of $36.40 and a 12-month high of $55.53. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.92 and a quick ratio of 1.84.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its position in shares of MasTec by 27.6% during the third quarter. Advisor Group Inc. now owns 11,543 shares of the construction company’s stock valued at $535,000 after buying an additional 2,496 shares during the period. Bank of New York Mellon Corp boosted its position in shares of MasTec by 12.6% during the third quarter. Bank of New York Mellon Corp now owns 364,094 shares of the construction company’s stock valued at $16,893,000 after buying an additional 40,854 shares during the period. Point72 Asset Management L.P. boosted its position in shares of MasTec by 112.3% during the third quarter. Point72 Asset Management L.P. now owns 690,800 shares of the construction company’s stock valued at $32,053,000 after buying an additional 365,400 shares during the period. Strategic Wealth Advisors Group LLC purchased a new position in shares of MasTec during the third quarter valued at approximately $601,000. Finally, 361 Capital LLC purchased a new position in shares of MasTec during the third quarter valued at approximately $2,212,000. Institutional investors own 78.56% of the company’s stock.
MasTec Company Profile
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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