Mastec Inc (MTZ) Files Form 4 Insider Selling : Robert E Apple Sells 40,000 Shares

Mastec Inc (MTZ): Robert E Apple , COO of Mastec Inc sold 40,000 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $23.57 per share for a total value of $942,800.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 23, 2016, Robert J Dwyer (director) sold 5,860 shares at $19.96 per share price.On Nov 17, 2015, Robert E Apple (COO) sold 11,324 shares at $42.45 per share price.Also, On Oct 2, 2015, Jorge Mas (director 10% owner) purchased 117,700 shares at $15.81 per share price.On Aug 31, 2015, Julia L Johnson (director) purchased 15,000 shares at $15.81 per share price.

MasTec: On Monday, Jun 20, 2016 heightened volatility was witnessed in MasTec which led to swings in the share price. The shares opened for trading at $23.5 and hit $23.73 on the upside , eventually ending the session at $23.58, with a gain of 2.34% or 0.54 points. The heightened volatility saw the trading volume jump to 7,97,323 shares. The 52-week high of the share price is $24.67 and the company has a market cap of $1,940 M . The 52-week low of the share price is at $12.435.

MasTec Money Flow Index Chart

Company has been under the radar of several Street Analysts.MasTec is Reiterated by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $24 .The Rating was issued on May 9, 2016.MasTec is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 25 from a previous price target of $24 .The Rating was issued on May 9, 2016.MasTec is Initiated by Canaccord Genuity to Buy and the brokerage firm has set the Price Target at $23. The Rating was issued on Apr 12, 2016.MasTec is Downgraded by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 20 from a previous price target of $22 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 7, 2016.

MasTec Inc. is an infrastructure construction company. The Company’s primary activities include the engineering building installation maintenance and upgrade of communications energy and utility infrastructure such as wireless wireline/fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation and industrial infrastructure. The Company manages its operations under five operating segments: Communications; Oil and Gas; Electrical Transmission; Power Generation and Industrial and Other. The Company offers its services primarily under the MasTec service mark and it has operations across 460 locations. It provides services under master service and other service agreements which are generally multi-year agreements. It offers its service offerings in markets including wireless services; natural gas natural gas liquids and petroleum pipeline; and electrical transmission among others.

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