Deutsche Bank AG Has $5.11 Million Stake in MasTec, Inc. (NYSE:MTZ)

Deutsche Bank AG grew its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 60.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,565 shares of the construction company's stock after acquiring an additional 14,136 shares during the quarter. Deutsche Bank AG's holdings in MasTec were worth $5,114,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new position in shares of MasTec during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its position 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 worth $25,000 after buying an additional 116 shares during the period. Colonial Trust Co SC lifted its position in shares of MasTec by 335.7% during the 4th 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. Smartleaf Asset Management LLC lifted its position 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 buying an additional 128 shares during the period. Finally, Global Retirement Partners LLC lifted its position 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 buying an additional 190 shares during the period. Institutional investors own 78.10% of the company's stock.

Insider Buying and Selling

In related news, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction 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 sale, the director now directly owns 23,000 shares of the company's stock, valued at $3,027,490. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction 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 sale, the director now directly owns 39,782 shares of the company's stock, valued at approximately $6,122,051.98. This trade represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is owned by insiders.

MasTec Trading Down 3.1%

Shares of MasTec stock traded down $4.74 during trading on Thursday, reaching $150.60. 1,362,068 shares of the company were exchanged, compared to its average volume of 941,170. 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. The business has a 50-day moving average price of $128.51 and a 200-day moving average price of $135.09. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 134.46 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 return on equity of 8.27% and a net margin of 0.73%. The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the previous year, the firm earned ($0.13) earnings per share. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wolfe Research started coverage on MasTec in a research report on Monday, March 31st. They set a "peer perform" rating for the company. B. Riley reiterated a "buy" rating and issued a $165.00 price objective (up previously from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Robert W. Baird cut their price objective on MasTec from $162.00 to $153.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Piper Sandler lifted their price objective on MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Guggenheim reissued a "buy" rating and issued a $195.00 target price on shares of MasTec in a research note on Monday, May 5th. Three 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.