Decade Renewable Partners LP Sells 39,598 Shares of MasTec, Inc. $MTZ

Key Points

• Decade Renewable Partners LP reduced its stake in MasTec, Inc. by 56.3% in the first quarter, leaving it with approximately 30,737 shares valued at $3,587,000.
• Recent analyst ratings show a generally optimistic outlook for MasTec, with price targets ranging from $175.00 to $214.00 and several firms giving it an "overweight" rating.
• Insiders at MasTec, including EVP Cardenas and COO Apple, have offloaded significant shares, reflecting a 4.90% to 8.98% decrease in their respective positions.

Decade Renewable Partners LP reduced its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 56.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,737 shares of the construction company's stock after selling 39,598 shares during the period. MasTec makes up about 2.7% of Decade Renewable Partners LP's portfolio, making the stock its 18th biggest holding. Decade Renewable Partners LP's holdings in MasTec were worth $3,587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Colonial Trust Co SC raised its holdings in MasTec by 335.7% in the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 141 shares during the last quarter. Rothschild Investment LLC boosted its stake in MasTec by 2,023.1% during the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after purchasing an additional 263 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in shares of MasTec during the first quarter valued at about $35,000. Harbor Investment Advisory LLC increased its position in shares of MasTec by 147.1% during the first 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 last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of MasTec during the 4th quarter valued at approximately $49,000. Institutional investors own 78.10% of the company's stock.

MasTec Stock Down 0.4%

Shares of MTZ traded down $0.67 on Wednesday, hitting $179.33. 735,571 shares of the stock traded hands, compared to its average volume of 818,655. MasTec, Inc. has a one year low of $96.01 and a one year high of $194.00. The business has a 50 day simple moving average of $177.46 and a 200 day simple moving average of $150.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The company has a market capitalization of $14.15 billion, a PE ratio of 38.25 and a beta of 1.81.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. As a group, equities analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Cardenas Alberto De sold 10,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total value of $1,806,900.00. Following the transaction, the executive vice president owned 101,349 shares of the company's stock, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total value of $1,750,000.00. Following the transaction, the chief operating officer owned 194,249 shares of the company's stock, valued at approximately $33,993,575. The trade was a 4.90% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on MTZ shares. Jefferies Financial Group assumed coverage on MasTec in a research note on Friday, May 16th. They set a "buy" rating and a $188.00 price objective on the stock. Robert W. Baird raised MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 price objective for the company in a research note on Monday, August 4th. KeyCorp upped their target price on MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. DA Davidson set a $210.00 price target on MasTec and gave the company a "buy" rating in a research report on Monday, August 4th. Finally, Truist Financial set a $209.00 price objective on shares of MasTec in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, MasTec currently has a consensus rating of "Buy" and an average price target of $195.12.

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, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.