Bain Capital Public Equity LP Takes Position in MasTec, Inc. (NYSE:MTZ)

Bain Capital Public Equity LP bought a new position in MasTec, Inc. (NYSE:MTZ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,718 shares of the construction company's stock, valued at approximately $3,501,000. MasTec accounts for approximately 2.3% of Bain Capital Public Equity LP's portfolio, making the stock its 20th largest position.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of MasTec in the third quarter valued at $25,000. Ameliora Wealth Management Ltd. purchased a new stake in MasTec in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its stake in shares of MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of MasTec by 93.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after acquiring an additional 128 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of MasTec by 162.4% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock worth $42,000 after acquiring an additional 190 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on MTZ. Piper Sandler upped their price target on shares of MasTec from $134.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday. B. Riley restated a "buy" rating and set a $165.00 price objective (up from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Citigroup lifted their target price on MasTec from $152.00 to $170.00 and gave the company a "buy" rating in a report on Monday. KeyCorp boosted their price target on MasTec from $140.00 to $163.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Robert W. Baird cut their price objective on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MasTec has a consensus rating of "Moderate Buy" and a consensus target price of $160.33.

MasTec Stock Up 0.9 %

Shares of NYSE MTZ traded up $1.29 during trading on Tuesday, reaching $144.86. 948,996 shares of the stock were exchanged, compared to its average volume of 935,672. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 129.34 and a beta of 1.71. The business's 50-day moving average price is $121.11 and its 200 day moving average price is $132.88. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. MasTec, Inc. has a twelve month low of $89.96 and a twelve month high of $166.95.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The construction company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the business posted ($0.13) EPS. The firm's revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts forecast that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 2,517 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $131.63, for a total transaction of $331,312.71. Following the completion of the transaction, the director now directly owns 23,000 shares in the company, valued at approximately $3,027,490. This represents a 9.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 21.30% of the stock is owned by insiders.

MasTec Profile

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.