MasTec, Inc. (NYSE:MTZ) Position Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,012 shares of the construction company's stock after acquiring an additional 4,031 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of MasTec worth $5,253,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in MasTec by 181.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock worth $25,000 after purchasing an additional 116 shares during the last quarter. Colonial Trust Co SC boosted its position in shares of MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock worth $25,000 after buying an additional 141 shares during the period. Rothschild Investment LLC grew its holdings in MasTec by 2,023.1% in the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock worth $32,000 after buying an additional 263 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in MasTec by 93.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after buying an additional 128 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its position in MasTec by 147.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock valued at $39,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 78.10% of the company's stock.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $153.89, for a total transaction of $461,670.00. Following the sale, the director directly owned 39,782 shares of the company's stock, valued at $6,122,051.98. The trade was a 7.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.30% of the company's stock.

MasTec Trading Down 1.1%

Shares of NYSE MTZ traded down $1.82 during mid-day trading on Monday, hitting $170.17. 1,268,611 shares of the company traded hands, compared to its average volume of 945,438. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 1 year low of $89.96 and a 1 year high of $173.89. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 62.56 and a beta of 1.75. The business has a 50 day moving average of $151.61 and a two-hundred day moving average of $138.90.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.17. MasTec had a return on equity of 11.65% and a net margin of 1.72%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the company earned ($0.13) EPS. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MTZ. Wall Street Zen upgraded MasTec from a "buy" rating to a "strong-buy" rating in a research report on Monday, June 9th. Jefferies Financial Group began coverage on shares of MasTec in a report on Friday, May 16th. They issued a "buy" rating and a $188.00 price objective for the company. Piper Sandler increased their target price on shares of MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. The Goldman Sachs Group raised shares of MasTec from a "neutral" rating to a "buy" rating and raised their target price for the company from $156.00 to $195.00 in a research note on Friday, June 6th. Finally, Wolfe Research began coverage on shares of MasTec in a research note on Monday, March 31st. They issued a "peer perform" rating for the company. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $166.75.

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.