Federation des caisses Desjardins du Quebec Raises Stock Position in MasTec, Inc. $MTZ

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in MasTec, Inc. by 27.2%, owning 21,819 shares valued at approximately $2,546,000.
• Several institutional investors significantly boosted their positions in MasTec during the first quarter, with LPL Financial LLC increasing their stake by 535.1% to own 130,314 shares valued at $15,209,000.
• MasTec's most recent earnings reports showed a revenue of $3.55 billion, surpassing estimates; the company has set Q3 2025 EPS guidance at 2.280 and FY 2025 EPS guidance at 6.230-6.440.

Federation des caisses Desjardins du Quebec raised its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,819 shares of the construction company's stock after buying an additional 4,668 shares during the period. Federation des caisses Desjardins du Quebec's holdings in MasTec were worth $2,546,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MTZ. Hill City Capital LP lifted its position in shares of MasTec by 0.7% in the first quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company's stock valued at $250,343,000 after acquiring an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of MasTec by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company's stock worth $142,331,000 after purchasing an additional 39,622 shares in the last quarter. Bank of New York Mellon Corp raised its stake in MasTec by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company's stock valued at $65,440,000 after purchasing an additional 4,024 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in MasTec by 6.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 546,424 shares of the construction company's stock valued at $74,390,000 after purchasing an additional 33,332 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in MasTec by 171.2% during the 1st quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company's stock worth $45,607,000 after purchasing an additional 246,666 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of research reports. Baird R W raised shares of MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. The Goldman Sachs Group upped their price objective on shares of MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Citigroup decreased their target price on shares of MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. TD Cowen boosted their target price on MasTec from $175.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, Jefferies Financial Group initiated coverage on MasTec in a report on Friday, May 16th. They issued a "buy" rating and a $188.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, MasTec currently has a consensus rating of "Buy" and a consensus price target of $196.22.

Insider Transactions at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of MasTec 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 transaction, the chief operating officer owned 194,249 shares in the company, valued at $33,993,575. The trade was a 4.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm'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 completion of the sale, the executive vice president owned 101,349 shares in the company, valued at approximately $18,312,750.81. This represents 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 company insiders.

MasTec Trading Down 0.4%

MTZ stock traded down $0.85 during mid-day trading on Thursday, hitting $189.27. 1,220,480 shares of the company were exchanged, compared to its average volume of 849,662. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $194.00. The firm has a market capitalization of $14.94 billion, a P/E ratio of 56.00 and a beta of 1.81. The business has a fifty day simple moving average of $178.83 and a 200-day simple moving average of $152.47. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70.

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

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.