D. E. Shaw & Co. Inc. Purchases 46,725 Shares of MasTec, Inc. (NYSE:MTZ)

D. E. Shaw & Co. Inc. lifted its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 178.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,874 shares of the construction company's stock after buying an additional 46,725 shares during the period. D. E. Shaw & Co. Inc. owned about 0.09% of MasTec worth $9,921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MTZ. Allworth Financial LP lifted its stake in shares of MasTec by 15.1% during the fourth quarter. Allworth Financial LP now owns 596 shares of the construction company's stock valued at $81,000 after acquiring an additional 78 shares during the period. Arizona State Retirement System lifted its position in MasTec by 0.5% during the 4th quarter. Arizona State Retirement System now owns 18,393 shares of the construction company's stock valued at $2,504,000 after purchasing an additional 89 shares during the period. Fielder Capital Group LLC boosted its stake in shares of MasTec by 6.1% in the 4th quarter. Fielder Capital Group LLC now owns 1,816 shares of the construction company's stock valued at $247,000 after purchasing an additional 105 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of MasTec by 0.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,835 shares of the construction company's stock worth $1,883,000 after buying an additional 105 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of MasTec by 29.8% during the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company's stock worth $67,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Insider Activity at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $153.89, for a total value of $461,670.00. Following the transaction, the director now owns 39,782 shares of the company's stock, valued at approximately $6,122,051.98. This represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernst N. Csiszar sold 2,517 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction of $331,312.71. Following the completion of the sale, the director now directly owns 23,000 shares of the company's stock, valued at $3,027,490. This represents a 9.86% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is owned by company insiders.

MasTec Stock Up 1.2%

NYSE MTZ traded up $1.85 during trading on Tuesday, hitting $159.21. The stock had a trading volume of 90,969 shares, compared to its average volume of 934,401. MasTec, Inc. has a 12 month low of $89.96 and a 12 month high of $166.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The company's 50-day moving average price is $126.98 and its two-hundred day moving average price is $134.79. The company has a market capitalization of $12.56 billion, a PE ratio of 142.15 and a beta of 1.71.

MasTec (NYSE:MTZ - Get Free Report) last announced 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 business 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 firm posted ($0.13) earnings per share. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on MTZ. Truist Financial lifted their target price on shares of MasTec from $154.00 to $184.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Stifel Nicolaus lifted their price objective on MasTec from $143.00 to $171.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Barclays increased their target price on MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. KeyCorp boosted their target price on MasTec from $140.00 to $163.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, MasTec currently has an average rating of "Moderate Buy" and a consensus target price of $162.06.

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.