Deutsche Bank AG Decreases Stock Holdings in MasTec, Inc. $MTZ

Key Points

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Deutsche Bank AG decreased its holdings in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 23.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,897 shares of the construction company's stock after selling 8,668 shares during the period. Deutsche Bank AG's holdings in MasTec were worth $3,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board bought a new position in MasTec during the first quarter worth about $268,000. New Age Alpha Advisors LLC acquired a new stake in shares of MasTec during the first quarter worth approximately $1,456,000. J. Safra Sarasin Holding AG acquired a new stake in shares of MasTec during the first quarter worth approximately $2,678,000. Bank of Nova Scotia increased its holdings in shares of MasTec by 78.1% during the first quarter. Bank of Nova Scotia now owns 93,352 shares of the construction company's stock worth $10,895,000 after buying an additional 40,936 shares in the last quarter. Finally, Banco Santander S.A. increased its holdings in shares of MasTec by 20.6% during the first quarter. Banco Santander S.A. now owns 37,561 shares of the construction company's stock worth $4,384,000 after buying an additional 6,412 shares in the last quarter. Institutional investors own 78.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MTZ. Wall Street Zen raised shares of MasTec from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. KeyCorp lifted their target price on shares of MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Roth Capital assumed coverage on shares of MasTec in a report on Tuesday, July 1st. They set a "buy" rating and a $210.00 target price for the company. TD Cowen lifted their target price on shares of MasTec from $175.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, Piper Sandler boosted their price objective on shares of MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, MasTec has an average rating of "Buy" and a consensus price target of $195.12.

MasTec Price Performance

MTZ stock traded up $3.78 during trading on Friday, reaching $177.45. 420,925 shares of the company were exchanged, compared to its average volume of 1,040,617. MasTec, Inc. has a twelve month low of $96.01 and a twelve month high of $194.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19. The company has a 50-day moving average of $174.68 and a two-hundred day moving average of $147.90. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 52.59 and a beta of 1.83.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same period in the prior year, the company posted $0.96 earnings per share. MasTec's revenue for the quarter was up 19.7% compared to the same quarter last year. 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 predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer directly owned 194,249 shares in the company, valued at approximately $33,993,575. The trade was a 4.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the completion of the sale, 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 disclosure for this sale can be found here. 21.30% of the stock is owned by corporate insiders.

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.