Kirr Marbach & Co. LLC IN Has $15.66 Million Stake in MasTec, Inc. (NYSE:MTZ)

Kirr Marbach & Co. LLC IN cut its position in MasTec, Inc. (NYSE:MTZ) by 1.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 325,519 shares of the construction company’s stock after selling 5,941 shares during the quarter. MasTec accounts for about 3.8% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 4th largest holding. Kirr Marbach & Co. LLC IN owned about 0.43% of MasTec worth $15,657,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MTZ. BlackRock Inc. raised its position in shares of MasTec by 54.6% in the 4th quarter. BlackRock Inc. now owns 7,818,157 shares of the construction company’s stock valued at $317,103,000 after buying an additional 2,762,363 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of MasTec in the 4th quarter valued at approximately $26,000. Marshall Wace North America L.P. raised its position in shares of MasTec by 113.3% in the 3rd quarter. Marshall Wace North America L.P. now owns 120,827 shares of the construction company’s stock valued at $5,395,000 after buying an additional 1,027,187 shares in the last quarter. Nordea Investment Management AB raised its position in shares of MasTec by 981.2% in the 3rd quarter. Nordea Investment Management AB now owns 739,415 shares of the construction company’s stock valued at $33,015,000 after buying an additional 671,026 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of MasTec by 18.3% in the 3rd quarter. Macquarie Group Ltd. now owns 3,619,967 shares of the construction company’s stock valued at $161,631,000 after buying an additional 559,588 shares in the last quarter. Institutional investors own 86.98% of the company’s stock.

Shares of NYSE MTZ opened at $51.06 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.79 and a debt-to-equity ratio of 1.18. MasTec, Inc. has a 52-week low of $37.24 and a 52-week high of $54.70. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 28th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.01. MasTec had a net margin of 3.93% and a return on equity of 21.31%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. As a group, research analysts expect that MasTec, Inc. will post 4.22 earnings per share for the current year.

Several brokerages have recently commented on MTZ. Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Monday, April 8th. KeyCorp upped their price objective on shares of MasTec from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays reiterated a “buy” rating and set a $57.00 price objective on shares of MasTec in a research report on Wednesday, March 13th. ValuEngine upgraded shares of MasTec from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, B. Riley lowered their price objective on shares of MasTec from $71.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $60.13.

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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, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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